I was listening to several of the Bloomberg on the Economy with Tom Keane podcasts today (they're excellent) and more than on economist said that the debt has been passed from private to public hands, but it will not be inflationary longterm because it's a shift, more than an increase. The $64,000 question these days seems to be whether deflation or stagflation relative to the dollar and gold. The economists and smartest minds seem to disagree. Who is right!?!
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I was listening to several of the Bloomberg on the Economy with Tom Keane podcasts today (they're excellent) and more than on economist said that the debt has been passed from private to public hands, but it will not be inflationary longterm because it's a shift, more than an increase.
Sep 25 20:14 pm
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The $64,000 question these days seems to be whether deflation or stagflation relative to the dollar and gold. The economists and smartest minds seem to disagree. Who is right!?!