Grant has been on record for ~100 years (through the publication's history) describing the current era as 'the debasement trade,' with the visible manifestation minimal during the 'great moderation' (1990s) when inflation measured perfectly and it was contentious to argue hard-money positions.

factualpending

Speaker

Jim Grant

Evidence Quote

We have been on record of saying that the debasement trade in is in fact about 100 years old... during the great moderation of 1990s... you had to be a a terrifically um contentious hard money guy to uh pick a fight with the trend

Source

We Asked Jim Grant What War Means for InflationExcess Returns
Created: 8/12/2026, 10:39:06 PM

My Notes

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