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Don’t thank the Fed for tackling inflation — it caused the problem, Wharton professor Jeremy Siegel says – msn

“‘The Fed produced an explosion of the money supply such as has not been witnessed in the last 150 years,’ he wrote in a recent Barron’s column. Siegel noted the money supply swelled by almost 18% between March and July 2020, and 41% in the two years ending March last year, after growing at an average yearly rate of 5.5% for over three decades.”

What was the pea under the inflation mattress: short supply, excess demand, or the money supply? All three?


Monetary Policy and Its Unintended Consequences – Raghuram Rajan/MIT Press


Cantillon Effect: How the Concept Describes the Money Supply


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