Greenspan sees sustained inflation well above the Fed’s 2% goal

BusinessInsider/Isabelle Lee/10-25-2021

photo of Alan Greenspan reviewing notes

“While some of the forces pushing up prices are likely to prove transitory, rising government debt and other underlying pressures could keep inflation elevated on a longer-term basis, he said.”

USAGOLD note: In Greenspan’s case, t’s not so much what’s being said, but who is saying it. Don’t forget, some time ago, Greenspan was among the first to warn that we were likely going into a period of stagflation. Now, we are at least experiencing mild stagflation or perhaps worse, with the prospect of a quick slide into something more ominous. The former Fed chairman warned that “monetizing the debt…will eventually lead to higher price levels.”

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