by Matthew Lu.

Bryce’s graph may be eerily prescient. We will see how closely we follow the trend of the Great Depression. Ben Bernanke, the Chairman of the Federal Reserve, is a student of history and specializes in the Great Depression; he is intimately familiar with the mistakes made by the Federal Reserve (or, more specifically, by the New York Federal Reserve while in the midst of a power struggle with the Board of Governors) leading up to the bank runs of 1931.

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For the sake of brevity, I will not go into great detail to explain why inflation is a real risk in the medium to long-term. Very astute and renowned investors have commented on inflation and I will let their words convey the point.  (more…)