Mises Daily
Author:
C.J. Maloney
Online Publish Date:
“The notion that inflation is everywhere and always a monetary phenomenon is no longer a controversial proposition.” – Alan Greenspan, January 3, 2004 Caroline Baum recently noted that the Fed just doesn’t get the credit it deserves for the effect it has on overall economic conditions at any point in time. [1] And, as I often do (because Ms.