In response to:

G-20 Takes Harder Line on Currencies

Frank130 Wrote: Feb 18, 2013 9:03 AM
The only reason inflation has not sky-rocketed is because money "velocity" (the rate at which the same money changes hand) is still very low. But as more & more money is printed up out of thin air, one way or the other the "velocity" will eventually start to pick up & then we will be "off to the races' with inflation. Even if the "velocity" of money was not low, there is always a delay between money printing & the rise of inflation.
rbartlett Wrote: Feb 18, 2013 12:49 PM
I agree. The economy and productivity in particular is stagnant, if economic activity does increase all this paper will have somewhere to go.

Japan is in the forefront of the news with ridiculous statements such as the sinking yen is a "Byproduct, Not a Focus" of its foreign trade policy. I have a simple question "Even if that statement is believable, what difference does it make?"

The answer is none. Regardless, statements from Japanese politicians are not believable in the first place. That helps explain the following Bloomberg headline G-20 Takes Harder Line on Currencies.

Two days of talks between G-20 finance ministers and central bankers ended in Moscow yesterday with a pledge not to “target our...