Is inflation on the horizon? This is the hottest topic being debated among economists right now. We offer evidence that inflationary pressures abound. However, the Fed is saying it will hold tight on interest rate policy and that growth in the money supply won't spur inflation. We examine the evidence on both sides of the argument and discuss our preparations in case inflation heats up in the near future.
MCRM Quarterly Letter 2021 Q1
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