The FED Is Not the Only Central Bank Printing Money

In a Bloomberg interview, James Grant, editor of Grant's Interest Rate Observer and one of the top-drawer financial writers working today, talks about inflation and asset prices. He notes that the European Central Bank has "mightily expanded" its balance sheet and he anticipates that the ECB will further inflate in an attempt to deal with the European debt problem. Even the Swiss National Bank is increasing bank reserves "at astonishing rates of speed."

 

Thanks to Lew Rockwell.