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Grant’s Thinks Uncomfortably Higher Long-Run Inflation

Good morning: something special this morning.

The following is an excerpt from Grant’s Interest Rate Observer. As far as reading goes, it is beyond excellent.

Simple subtitles were added [in this font] for those who will read it in multiple sittings. Enjoy.

Sections

1. Inflation Just Died!

2. The Great Depression Mandates Inflation

3. Powell’s Current Problem

4. Inflation and Our Debt

5. Nobody Seems to Know What Inflation is

6. Grant’s Thinks Uncomfortably Higher Long Run Inflation

7. Inflation elegantly described and Predicted