Editor’s Introductory Note: This guest article, reposted with permission, was authored by economist Arkadiusz Sieron, PhD. It was first posted by Sunshine Profits. — Powell maintains that inflation is transitory, but the monetary theory of inflation suggests otherwise. So, elevated inflation could stay with us! Some economists downplay the risk stemming from elevated inflation, saying that comparisons to the 1970s style stagflation appear unfounded. They say that labor unions are weaker and economies are less dependent on energy than in the past, which makes inflationary risks less likely to materialize. Isabel Schnabel, Board Member of the European Central Bank, even …
The post Inflation Risk: Milton Friedman Would Buy Gold Right Now, by Arkadiusz Sieroń appeared first on SurvivalBlog.com.
