Mar 29, 2013 11:42 AM
Charles, perhaps you can answer a question I've been pondering for a few years. The USA, and the world, lost billions, trillions in 2008. Nothing actually changed. Houses that were financed by bad loans did not burn down. So, the loss was on paper. Then the Fed started QE'ng. They also changed nothing. They built no houses, etc. So, their paper increase simply restored the paper loss. That's why we haven't seen general inflation ensue, right? I think they've QE'd to a money supply back to the 08 level by now, or close. So, if they continue we'll have real inflation, right?