Friday, February 6, 2009

You Can't Get Something for Nothing

Why 'Stimulus' Will Mean Inflation


As Congress blithely ushers its trillion dollar "stimulus" package toward law and the U.S. Treasury prepares to begin writing checks on this vast new appropriation, it might be wise to ask a simple question: Who's going to finance it? Click here for the whole article.
An earlier post below reveals how much new money the Fed has already enabled. The new money just hasn't hit the street yet. Inflation is a loss of purchasing power of every dollar in existence. It's the most insidious tax of all. Talk about a regressive tax; inflation tops the list.

No comments: