http://www.telegraph.co.uk/finance/comme...Money.html

Deflation followed by inflation. I've heard that somewhere before.

Quote:Fed critics say the rise in the US monetary base from $871bn to $2,024bn in just two years is an incendiary pyre that will ignite as soon as US money velocity returns to normal.

(07-29-2010 10:33 AM)DrTorch Wrote:  http://www.telegraph.co.uk/finance/comme...Money.html

Deflation followed by inflation. I've heard that somewhere before.

Yes...Ron Paul is total kook.

(07-29-2010 10:53 AM)georgia_tech_swagger Wrote:  

Quote:Fed critics say the rise in the US monetary base from $871bn to $2,024bn in just two years is an incendiary pyre that will ignite as soon as US money velocity returns to normal.

You're disagreeing?

(07-29-2010 11:06 AM)Fo Shizzle Wrote:  

(07-29-2010 10:33 AM)DrTorch Wrote:  http://www.telegraph.co.uk/finance/comme...Money.html

Deflation followed by inflation. I've heard that somewhere before.

Yes...Ron Paul is total kook.

I am glad you finally figured it out. :)

(07-29-2010 11:16 AM)DrTorch Wrote:  

(07-29-2010 10:53 AM)georgia_tech_swagger Wrote:  

Quote:Fed critics say the rise in the US monetary base from $871bn to $2,024bn in just two years is an incendiary pyre that will ignite as soon as US money velocity returns to normal.

You're disagreeing?

I'm shaking my head at 50% annual inflation in the monetary supply. That's a pretty big pile of fail.

(07-29-2010 11:29 AM)georgia_tech_swagger Wrote:  

(07-29-2010 11:16 AM)DrTorch Wrote:  

(07-29-2010 10:53 AM)georgia_tech_swagger Wrote:  

Quote:Fed critics say the rise in the US monetary base from $871bn to $2,024bn in just two years is an incendiary pyre that will ignite as soon as US money velocity returns to normal.

You're disagreeing?

I'm shaking my head at 50% annual inflation in the monetary supply. That's a pretty big pile of fail.

i'd say it's more like a mountain of fail