Delaware Liberal

Where I go to keep it real…

I hadn’t read this guy in a while and I regret doing so, I’m back though and you should be too if you want to learn a thing or two about economics:

Candy for everyone; and what the Chinese, the Arabs, the Japanese, and other lenders cannot cover, Federal Reserve Board Chairman Ben Bernanke will, just like he did for the Bush Administration. In the end, that massive overhang of money that continues to grow far in excess of the real growth rate of the economy will lead to one and only one end:

inflation. And it will not be some mild little rise in the aggregate price level; it will instead be a raging fire that will take an ever more draconian contractionary monetary policy regime to rectify the longer the irresponsible over-printing of money continues

Exit mobile version