Ok so the word is on the street that the US Federal Reserve has been printing a lot of money.
But what about other countries like, say, Sweden, Norway, Denmark, India, China, Singapore, Kazakhstan, Greece, Canada, and Germany? Have all their central banks also been printing money, and where did you find your data?
And for those countries that printed a lot of money, is inflation also inevitable there just like it is inevitable in the US?
Yes, the sole purpose of a central bank is to print money. For the European countries you listed, check the European Central Bank’s website, I think they have a monetary base index statistic. For India, I think they should have it up on the web somewhere. For China, their currency is pegged to the US dollar, so you can just follow the Fed’s indices. For Singapore and Canada, again, I think just check their website. For Kazakhstan, I have no idea where that data would be listed, though I have no doubt it can be had for a price if no other way. Check Pimco’s website or some other bond trading website for info on how to get the monetary base of any given country. Bond and currency traders do almost nothing else than track the change in the monetary bases of various countries.
It is possible to print money and not see price index inflation. This can occur due to a simultaneous increase in the demand for money or due to “massaging” (aka manipulation) of the price index. Nevertheless, the nature of the beast is that governments and their central banks will print as much money as they can get away with, which means, you will almost always see a positive rate of growth in the price index (inflation), even if modest.
Clayton -