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GM27: Central Banks were Warned about their Failed Policies ft. William White

Top Traders Unplugged

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Is QE a Part of the Reason for the Rise in Inflation?

The jury is still out on that, but it's certainly not implausible. We've had a tightening cycle this time and so far it's been orderly except that we've started to see cracks as I mentioned, say with respect to the guilt market. It could still arise. The question, what's caused the rebound in inflation? I think it is very complicated. There are elements on the demand side and the supply side. But as Milton Friedman famously said, inflation is always in everywhere a monetary phenomenon. Well, in the longer run, that's true. You just have to look at what they did,. which was extraordinary even by the standards of 2008.

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