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"What to do about this"?
May 22 09:53 am
|Rating:
+8
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All Comments by gwinner »The Next Wave of Foreclosures [View article]
Well, "we've" already done it. Monetary and fiscal policy since 9/08 has pointed to a policy that suggests "they" intend to inflate us out of the problem. It is risky business. Leave the peddle to the metal just a little too long and your have our next really ugly economic problem, hyperinflation.
Ironically, in spite of all the rhetoric of the the Obama admin of being the friend of the working man, inflation and hyperinflation are the worst form of "taxation" on the poor and middle class (perhaps with the exception of state lotteries, but at least that is discretionary). Those with assets and "in the know" (e.g. the wealthy) stand to profit from inflation. Unintended consequences?