not finished reading but the authors are a bit confused about money supply and printing of money.
they claim huge increases in money supply will cause enormous inflation.
i too believe that eventually the USA will have serious inflation which may turn out to at least initially be constructive....
see attached money supply data and charts:
http://www.shadowstats.com/charts/monetary-base-money-supply
if anything there is a precipitous decline in various measures of money supply!!
they claim huge increases in money supply will cause enormous inflation.
i too believe that eventually the USA will have serious inflation which may turn out to at least initially be constructive....
see attached money supply data and charts:
http://www.shadowstats.com/charts/monetary-base-money-supply
if anything there is a precipitous decline in various measures of money supply!!
Annual Growth and Money Stock Levels Since 2006 (Scroll down for longer term charts)
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Longer Term Historical Charts (Note logarithmic scaling)
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