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Despite Fed Asset Purchases, Lending Remains Depressed

Despite Fed Asset Purchases, Lending Remains Depressed

by Thomas L. Hogan Economists from across the political divide are worried about inflation. In May, Lawrence Summers warned about the increasing risk of inflation. More recently, John Greenwood and Steve Hanke argued that the Federal Reserve’s asset purchases have expanded the money supply, which they speculate will lead to high inflation. Fed asset purchases do often lead to […]