Will Expanding Fed Balance Sheet, Govt Bailout Bring Inflation?

There’s been a lot of hoo-ha over the efforts of the Federal Reserve, the Treasury and Congress, all spending trillions of dollars to help the economy and markets stabilize and recover. But let’s spare a thought for those who think this spending, regardless of its good intentions, is excessive and counterproductive. Heresy, you say. Well, read on.

In The Wall Street Journal Thursday, Tim Congdon, chairman of the Institute of International Monetary Research at the University of Buckingham...

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