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The latest volley, from his new book, “The Map and the Territory,” is a warning that the Fed’s balance sheet expansion — $3.8 trillion and counting — may unleash inflation.
“It is easy to contemplate price acceleration, with today’s Federal Reserve balances unchanged, ranging from 3 percent per annum to double digits over the next 5 to 10 years,” he writes.
It’s been a long time since anyone accurately predicted higher inflation. Instead, inflation has sagged to the lowest levels on record.
reply to post by gladtobehere
Greenspan already knows we have inflation that's much higher than officially declared. The CPI simply gets modified to make it appear inflation is low. Just do a comparison with 1990 or 1980 CPI calculations. We are at or close to double digit inflation now. As anyone who has to buy food already knows.
Alternate Inflation Charts