Will the U.S. Fed’s Money Printing Cause Inflation?

“Milton Friedman said something to the effect that inflation is first, last, and always a function of monetary policy. Yet at this time, with the Fed basically printing money, we don’t seem to have any inflation.”

The Phillips Curve establishes an inverse relationship between inflation and unemployment.

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Eugenio Magdalena

Eugenio Magdalena

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Eugenio is a disabled Economist (UCAB, Caracas), cursed a post-graduate Diploma in Marketing (Strathclyde University, Scotland, UK), and an MBA (England, UK).