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Posts tagged as “inflation”

What Is Inflation?

“Inflation is the opium of the people.” – Henry Hazlitt Proponents of inflation say it will “get the wheels of industry turning” and that it…

Former Fed Chair Alan Greenspan Says Inflation is “Inevitably Going to Rise”

Former Federal Reserve Chairman Alan Greenspan issued his latest warning Tuesday about the fiscal situation in the U.S. He says the larger budget deficits ultimately will cause inflation.

The spending shortfall rose to just shy of $1 trillion in fiscal 2019. Greenspan told CNBC that “inflation is inevitably going to rise,” posing larger threats to the economy.