The Inflation Monster Appears to be Awakening

Posted on May 8, 2009

The foolishness of the Fed’s money printing scheme to save insolvent financial institutions is starting to show, as the inflation monster appears to be awakening. Oil prices are now near $60 and risky asset prices are soaring. It’s seemingly only a matter of time before prices skyrocket in the broader “real” economy. One wonders how engendering massive inflation will help cure our economic ills particularly at a time when most people are still facing financial difficulties.

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