AMAC Magazine Exclusive – By Stephen Fauer, CFA
Milton Friedman said that inflation is a monetary phenomenon. Yet, the Federal Reserve (Fed) has pumped trillions of dollars into the economy since the 2008 financial crisis, while inflation has been largely absent. Why is it that predicted inflation failed to arise, and why might the situation be different now?
Spending has also skyrocketed during the COVID-19 crisis.
Read the Full Article in the Digital Edition of the AMAC Magazine