Back in 1933, "inflation" was touted by the new FDR administration as the cure to America's Depression woes.
Now with zero percent interest rates, Bernake has climbed on the inflation bandwagon.
This hilarious short MGM film from 1933 explains why the miracle of inflation is an economic panacea.
1 comment:
I suggest you do a little research. The stimulus size of the TARP and Obama's encore are matched to the losses at the banks. There will be no inflation to speak of.
Post a Comment