D. McHattie

Here Come the ZIRP

Well, we know that the Obama administration has the support of Congress in passing a massive fiscal stimulus package, right? Not judging anyone but that's what democrats do: they spend money. In fact, they're good at it.

Sure, there will be a metric tonne of waste and I'm sure the usual suspects will line up at the trough for their ration of pork. But the fiat currency will enter the system and it will get spent.

It seems to me, in light of this, we shouldn't be waiting years for a resumption of inflation.