Fellows

Get Ready for Inflation and Higher Interest Rates

The unprecedented expansion of the money supply could make the ‘70s look benign.

By ARTHUR B. LAFFER
Rahm Emanuel was only giving voice to widespread political wisdom when he said that a crisis should never be “wasted.” Crises enable vastly accelerated political agendas and initiatives scarcely conceivable under calmer circumstances. So it goes now.

Here we stand more than a year into a grave economic crisis .......

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