Jim Grant gives his take on ‘QE to Infinity’ and ‘The Great Levitation’

Welcome to Capital Account. The Fed was once credited with what came to be known as ‘The Great Moderation’ – decades of remarkably strong and steady economic growth, coupled with persistently low inflation. But should present-day Fed policy be better described as ‘The Great Levitation?’ Our guest, Jim Grant, founder and publisher of Grant's Interest Rate Observer, talks about the global unintended consequences of Federal Reserve policy post-QE3, or what he calls ‘QE to infinity.’ Are we about to witness the runaway inflation that bond bears have been screaming about?

­Follow us @