Jim Grant rips the Fed, warns of 10% inflation and waxes nostalgic for a time when Washington...

|By:, SA News Editor

Jim Grant rips the Fed, warns of 10% inflation and waxes nostalgic for a time when Washington let prices fall in crises rather than goose them up. Stocks, bonds, gold... almost everything is overpriced: The Fed "has unilaterally taken it upon itself to levitate asset prices... So the things that we take as prices freely determined are in fact manipulated."