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December 05, 2013

"UBS: Here's Why Inflation Might Finally Be Coming"

Of course, inflation has gone inexplicably missing for a couple of years now, but this sounds right. We'll see. 


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Mike Sproul


You and I both learned about money and inflation at UCLA, and 30 years ago I would have agreed with you and Weisenthal that it’s caused by money outrunning the production of goods. I don’t agree anymore. I think inflation is caused by money outrunning the issuer's assets. (See, for example)

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