In response to the financial crisis of 2008, the Fed injected unprecedented levels of liquidity into the banking system. While inflation has been modest to date, an analysis of similar periods in history shows that it typically takes more than two years for the impact on consumer prices to be seen. Consequently, we are now at a pivotal point in the current cycle as Fed stimulus began more than two years ago. [Let me explain further.] Words: 2755
Read More »Are Glenn Beck's Continual Warnings of Imminent Rampant Inflation To Be Taken Seriously?
Fox News' Glenn Beck has repeatedly stoked fears that the U.S. would see "massive inflation," stating, as far back as 2008, that inflation would go "through the roof" in the "next year." In fact, inflation remained low in 2009 and 2010 and looks to remain the same in 2011. Let's review Beck's prognostications one by one and come to our own conclusion. Words: 1764
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