Libertarians have been warning about inflation since 2008. Why has it taken so long for inflation to kick in?
After the 2008 recession the Fed lowered interest rates to 0% and started quantitative easing. Many libertarians claimed that this would result in substantial inflation. Yet, many years passed, and no inflation was evident. However, inflation has started roaring in the last year, and many libertarians feel vindicated. What doesn’t make sense to me is […]