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Inflation and Deficits

Andy440 Wrote: Sep 10, 2009 1:55 PM

Thanks for a clear, logical and concise description and explanation of the economic disaster the Obama administration is leading us into with its ruinous inflationary, 'spendaholic' 'no-tomorrow' and 'no bottom line' fiscal policies. Obama is spending money we don't have, to finance policies that won't work. The 'lib thinks' don't get it, because they don't WANT to get it. Reading some of the comments posted to Dr.William's cogent article was akin to trying to sort out and decipher non-sensical ravings from a parallel universe. The truth will set you free, people, if you're willing to accept it. Sadly, many in our culture today would not recognize the truth if it made a 'body slam' on them, and tackled them to the floor. They have been...

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Inflation and Deficits

With the massive increases in federal spending, inflation is one of the risks that awaits us. To protect us from the political demagoguery that will accompany that inflation, let's now decide what is and what is not inflation. One price or several prices rising is not inflation. Increases in money supply are what constitute inflation, and a general rise in prices is the symptom. As the late Nobel Laureate Professor Milton Friedman said, "(I)nflation is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in...

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