Why Has The Fed Failed To Generate Inflation?

In 2010, a veritable “murderers row” of investors lined up to profit from the inevitable currency debasement and inflation that the Fed would create from ZIRP (Zero Interest rates) and money printing (Quantitative Easing). The investment of preference was gold – Keynes’ barbarous relic. There was John Paulson, fresh off his legendary score betting against mortgages from the great recession, telling investors that 80% of his wealth was in his firm’s new “gold” hedge funds. But he wa...