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Look at the balance sheet
You can’t taper a ponzi
Well, DUH! Keep printing those unbacked-by-productive-work or goods dollars and there will never be a toilet paper shortage; that’s all they’ll be good to use for. Friggin’ Democrats buying votes at the expense of the citizenry’s buying power and burdening future generations with the bill.
how can anyone believe what the Fed is saying? It’s so ridiculous. I was listening to an audio book on the Fed and the money supply. Simple example: I am playing Monopoly and I run the bank. In the middle of the game, I find another box of Monopoly money and decide to distribute this equally to all the players. What do you think happens to all the prices of the properties? They get bid up double!
So I hope all the economic gurus on the IBJ comments page can explain the inflation (that didn’t happen) in 2009-12 after a similar Fed jolt AND the bailouts of the banks and auto manufacturers.
Craig, perfect analogy……if the US economy had 6 participants, 28 versions of one product and every day was a clean start from zero. I’d suggest that author go back to Econ class.
Bob, you might wanna call your European friends and tip them off that the EU’s all-time inflation high was caused by friggin’ Democrats on this side of the pond buying votes. Bet they’ll be mad.