Fast Facts

WSJ Master Word Soup Chef Greg Ip Missplains the Fed and Argentina Flation

Greg Ip knows just enough economic conventional wisdom to be a masterful and well respected word soup chef. Today he took on an explanation of why Argentina could “create” inflation via money printing, and the Fed, ECB, and BoJ couldn’t. He said that it was because Argentina’s central bank bought government debt directly, and the major central banks didn’t. Apparently…

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