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Allan Meltzer: How the Fed Fuels the Coming Inflation
As Milton Friedman said, 'inflation is always and everywhere' a result of excessive money growth. The U.S. Department of Agriculture forecasts that food prices will rise as much as 3.5% this year, the biggest annual increase in three years. Over the past 12 months from March, the consumer-price index increased 1.5% before seasonal
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Posted: May 6, 2014 Tuesday 06:49 PM