Friday, March 1, 2013

The Current State of the Economy: Explained in Detail for the First Time

Doug Casey does it:
This reminds me of the story of the guy who jumps off a 100-story building and yells as he passes the 50th floor, "So far, so good!"
Bottom line: Bernanke is printing money very aggressively, government regulations are stifling productivity, the desire to hold cash balances is shrinking, this is the combination that will result in serious price inflation.

The price inflation of the Arthur Burn's years at the Fed (6.5%) and the G. William Miller years at the Fed (9%) may be back much sooner than most anticipate.

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