AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Future of Inflation
Quantitative easing alone isn't enough to cause inflation. It was the fiscal spending that does it, and you have to make a judgment on whether that fiscal spending is sustainable. The population is rising at a slow rate globally and even in the United States. There's immigration, which has become more restrictive everywhere around the world. And those are needed for localized inflation.