Inflation could repeat the 1960s, Niall Ferguson says
“What is interesting about disasters is that one can lead to another. You can go from a public health disaster to a fiscal, monetary and potentially inflationary disaster,” Ferguson said at the Ambrosetti Forum in Italy.
Former Treasury Secretary Larry Summers tweeted: “Every time you hear that inflation is transitory remember that double house price inflation hasn’t yet shown up in the indexes. Housing represents 40 percent of the core CPI [consumer price index].”
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