Archive for November 28th, 2010

The Return of Stagflation


Sunday November 28th, 2010   •   Posted by Alvaro Vargas Llosa at 4:07pm PST   •   2 Comments

We are entering an era of high inflation, to judge by the massive growth of the money supply in the United States, Europe and Asia, and the stubbornness of central bankers who insist that high unemployment demands the creation of even more money. The last time the world went through a similar period was...
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