The Bigger Worry: Growth or Inflation?
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Is There a Resurgence in Inflation?
Cochrane is very concerned about a resurgence in inflation given the US's unsustainable fiscal policy. David Rubenstein, co-founder and co-chairman of the Carlisle Group, served in the Carter administration at a time of double-digit inflation. He doesn't expect a resurgence inflation so much as a period of higher inflation ahead.
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