This is the transcript from my podcast, THE WOLF STREET REPORT:
It constantly comes up: With all this central bank money printing and the zero-interest-rate policies and the negative-interest-rate policies, and all these central bank liquidity injections, in other words, with all these loosey-goosey monetary policies around the globe, why are we not seeing huge bouts of inflation?
And then, some folks take the next step and say: Well, since we're not seeing big bouts of inflation, these loosey-goosey monetary policies should become standard, perhaps run by the government, instead of a central bank,