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Glen L. » Comments » BWX

  • The Fed's Bubble Trouble [View article]
    "This is, of course, wrong. The FED could purchase the entire 2009 budget deficit with no effect on prices (inflation), and it would hold up the price of government securities (temporarily)."

    You fudged with the word "temporarily". It takes about a year for the inflationary effects of money creation to be felt, and I've never heard a serious economist dispute this. But inflation is a given, every year, and Schiff is correct. The inflation will at first just counter the price deflation we're seeing, then negate it, and then it will take on its own life. I think we're in for double-digit price inflation by the end of the year, and Katie bar the door next year.
    Jan 11 16:02 pm |Rating: +1 0 |Link to Comment
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