Do not judge by appearances, but judge with right judgment - John 7:24
Monday, June 22, 2009
Another Argument for Mass Inflation
Last week I posted an article articulating the deflationary position. Gary North has written an interesting article arguing that it is not deflation that we face, but mass inflation. In essence he believes that the Federal Reserve will do, and can do anything in its power to avoid deflation, and it will inevitably lead to mass inflation, if not outright hyperinflation.