ozzy43

Inflation Could Cure Our Economic Ills

The fundamental problem is one of malinvestment, thanks to both the feds and the Fed along with the giant financials (or do I repeat myself?). Until this vast misallocation of capital is corrected - flushed out of the system - the system will remain ill. Increased government spending - more debt, more deficits, less purchasing power - will do nothing but to exacerbate the problem, and destroy the dollar in the process. More people need to learn Austrian economics, which predicted exactly this scenario, and which explains how to correct it. Too bad Keynesianism is apparently alive and well, and leading to policies which will destroy the USD as the world's reserve currency, and the US along with it. We cannot inflate our way out of this mess, this will only increase the pain of the eventual collapse when it finally occurs. Of course, that's not about to stop Helicopter Ben - the man who learned all of the wrong lessons about Great Depression 1 - from trying.