How will the coronavirus epidemic affect global markets? How should investment managers respond to the fast-shifting landscape? These and other related questions are explored in depth by Enterprising Investor contributors.
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"Wall Street wisdom is that QE is immensely powerful and is stoking financial bubbles. Academics say, 'I take your $100 bills, I give you back 10 $10 bills. Who cares?'"
John H. Cochrane and Thomas S. Coleman discuss how the fiscal theory of the price level explains inflation.