An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Sunday, August 31, 2014
Is Inflation Really Dead? — Pat Regnier interviews Paul McCully
We put the question to Pimco Chief Economist Paul McCulley, who explains why you don't have to worry about rising prices—and why Forrest Gump was a great economist.
Time — Money Is Inflation Really Dead? Pat Regnier interviews Paul McCully
"in the days of Paul Volcker at the Fed in the early 1980s, inflation was considered the No. 1 problem. Now I’m not even sure it’s on the top 10 list, but it for darned sure ain’t No. 1."
link?
ReplyDeletehttp://www.gurufocus.com/news/276343/paul-mcculley-wonders-if-inflation-is-really-dead
gotta appreciate this statement:
"in the days of Paul Volcker at the Fed in the early 1980s, inflation was considered the No. 1 problem. Now I’m not even sure it’s on the top 10 list, but it for darned sure ain’t No. 1."