Pozsar: Do global LCR and swap lines unify onshore and offshore dollar under Fed "control"? https://t.co/E1TBnrLejq
Inflation may be "always and everywhere a monetary phenomenon” (Friedman). BUT not all monetary phenomena are always and everywhere inflationary!
October 25, 2020
Inflation may be "always and everywhere a monetary phenomenon” (Friedman). BUT not all monetary phenomena are always and everywhere inflationary! https://t.co/qI6Y6ufwR7