"Get Ready for Inflation and Higher Interest Rates"

This OPED by Arthur Laffer on Wednesday caught my attention. He raises a number of issues that are of concern to me – a high budget deficit, huge government involvement without a clear exit strategy, massive unfunded liabilities and more…. What is truly educational in this piece is the walk through of what may likely occur as a function of the radically increased monetary base. He says “it’s difficult to estimate the magnitude of the inflationary and interest rate consequences of the Fed’s actions because, frankly, we haven’t ever seen anything like this in the US.” I agree……

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