Flubadub

Don't Be Fooled - Inflation is Coming

The concensus sounds like a gaggle of Libertarians espousing personal economic philosophy as the gospel then extrapolating that gospel to predict future scenarios.
It is no secret that the US is a country driven by debt. It now takes approximately $3.25 of total debt in the US to generate $1 of GDP, a significant increase from 1952, when it took just $1.30 in debt to generate $1 of GDP. However, in 1952, government debt—federal, state and local— was $244 billion and accounted for 55.1% of the $443.6 billion in total debt outstanding in the US. Today, government debt stands at $7.2 trillion but accounts for just 15.7% of the $45 trillion in total debt. Household debt today has a much larger impact on economic growth than government debt— at $13.6 trillion, it is almost twice as much as government debt, while in 1952 it was just one-third of government debt.
Todays infusion of money into the economy by the Fed. is nothing more then the assumption of private debt by the U.S. govt. It is not unpresidented. The capital infusion will simply place the debt ratios back where they were in the 1950's. This is not the stuff of gloom and doom. What it is is a total reputiation of laissez-faire capitalism. It should be. Laissez-faire capitalism has failed.

Pablo