Comment

Chinese Ships Harass US Navy Vessel

484
Kenneth3/09/2009 12:23:47 pm PDT

re: #428 SixDegrees

That is true, and interesting, but… the gov’t is aiming to create inflation for the simple reason the alternative, rapid deflation, is even more destructive to the economy. As you noted, there are several deflationary pressures in the economy now. The massive stimulus bill with involves the printing & spending of massive amounts of cash, and the particular tax cuts which will go into either more spending (more inflationary pressure) or savings (to be eating by inflation), is designed to push the economy into inflation.