One last point on economics to mull over.

There is the concept of “crowding out” that is going to start taking effect. At any given time, there is only so much credit available in the market for anybody to borrow. As the Fed’s borrow more and more to fund their deficit spending, the soak up the available credit like a sponge, thus crowding out the private sector from being able to borrow. When that happens, business can’t get credit to pay for expansion, mortgage rates rise and car loan rates rise and then the economy goes into “stagflation”.

I think we will be hearing a lot about stagflation (economic stagnation and high inflation) in the next few years.

Now I’ve got to go get some rest. See you in the morning.