sbinvestor

The Intrinsic Value of Nothing, Part 1

just be patient...


On Oct 27 12:34 PM Thomas J. Gordon wrote:

> A lot of us have lamented gov't spending in excess of tax take. It's
> not clear to me that genuine borrowing (borrowing with the intent
> of paying it back later) is inflationary. Although clearly the u.s.
> is borrowing a lot more than they have in the past and you would
> think that would have a bad effect somewhere, at minimum drive interest
> rates up. but so far obama and geithner are getting away with it.
> they are spending a ton of money they don't have and there are no
> new bad effects. no inflation (defined as a rise in the overall price
> level), u.s. treasury rates are low, the stock market is rising.
> so when do obama and geithner pay the piper?