WSJ 1-6-2009 By GEORGE MELLOANAn 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.
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.
Friday, February 6, 2009
Why 'Stimulus' Will Mean Inflation