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652 comments
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Faisal: The problem with your thesis the money supply is not growing.
Nov 15 16:05 pm
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All Comments by E Nuff Sed »Is the Bernanke Doctrine a Disaster? [View article]
Most of the money supply (created by the expansion of the Fed balance sheet) has been soaked up by the banking system which is trying to stay solvent. There is little credit available (compared to 2005- 07) on the street to fuel inflation. It will be a while before credit begins to seep back into the street to reignite inflation.