While fighting the economic crisis over the past eight months, the Bernanke Fed has radically enlarged the U.S. monetary base. Arthur Laffer posits this will have "dire consequences," including hyper-inflation that could make the '70s look benign. Paul Krugman, for one, disagrees.
Which position do you find more convincing? And what does this debate mean for one's investments: How, if it all, should you brace your portfolio for Laffer's hyper-inflation scenario?
At 12:30pm EDT Thursday (June 18), Seeking Alpha hosted a live discussion on the dollar, inflation and protecting a dollar-based portfolio. Panelists were the following 3 Seeking Alpha contributors - here are links to recent posts they've written on the topic:
Peter Schiff, President and Chief Global Strategist of Euro Pacific Capital: Don't Be Fooled by Inflation • Don't Ignore Ben Bernanke's Bell • Team Obama's Charm Offensive
Mark Sunshine, President of First Capital and president and CEO of Siemens First Capital: The 'Debt Tsunami' Is Not a Serious Threat • Maybe the Fed Isn't Really Printing Money Like a Drunken Sailor
Scott Grannis, Chief Economist (1989-2007) at Western Asset Management, where he focused on Fed policy and TIPS: TIPS Are a Safe Haven from Market Risk • There's No Shortage of Money
You can replay the entire discussion in the box below.
~ Mick Weinstein, SA Editor-in-Chief
