patio

Will the Deflationist vs. Inflationist Debate End Soon?

"But the government is desperately trying to "reflate" the economy by guaranteeing banks, lowering rates, creating stimulus, and driving down interest rates. Inflationists say that these pure monetary actions by the government are likely to stoke inflation – possibly hyperinflation."

Yet another article missing the point- who is lining up, and qualifies, for this new credit? No one, that's who. If the money doesn't get past the banks, no increase in velocity.