Gordian Knots

Economics of inflation

The economics of inflation, as the performance of asset markets (going up because of money printing) may diverge from the performance of the economy and of standards of living (declining in real terms) for an extended period. Just a reminder: today fewer people are employed in the US than in 1999, although the population has increased by 30 million. – Marc Faber

Written by raj

November 23rd, 2010 at 2:23 pm