Inflation surges in the US, but ECB may steer Europe clear of similar fate
Friday 14 May 2021 – Vol.12 Ed.19.5
Commentary: US inflation surge is harbinger of what’s to come
By Steve Hanke in Baltimore
Wednesday’s headline inflation figure of 4.2% shocked many. It didn’t shock me nor would it have come as a surprise to Milton Friedman. Money dominates, but that monetarist perspective is not held by most. Even Federal Reserve Chairman Jerome Powell confessed that the Fed pays little attention to the...