The Fed Has Its Sins: Global Consumer Price Inflation Is Not Among Them
Perhaps the Fed has not been exporting inflation directly, but the USA certainly has. Trillions of dollars have left the country due to our staggering trade deficits. When they're not here, they don't contribute to inflation here.
The Fed Is Not The World's Central Banker
Perhaps the Fed has not been exporting inflation directly, but the USA certainly has. Trillions of dollars have left the country due to our staggering trade deficits. When they're not here, they don't contribute to inflation here.