February 11, 2009
Economic Stimulus
So, apparently the Federal Government is going to dump about a trillion dollars onto the market and enact trade restrictions to promote American goods.
Correct me if I'm wrong, but in Econ 101, don't they teach that this kind of thing causes runaway inflation? I seem to recall history lessons on this including Weimar Republie (well, a lot of the world at that time, to tell the truth). And aren't we currently seeing that in Zimbabwe?
I would not be surprised to see an inflation crisis rise in the next year or two. And everyone will wonder why it happened...
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Correct me if I'm wrong, but in Econ 101, don't they teach that this kind of thing causes runaway inflation? I seem to recall history lessons on this including Weimar Republie (well, a lot of the world at that time, to tell the truth). And aren't we currently seeing that in Zimbabwe?
I would not be surprised to see an inflation crisis rise in the next year or two. And everyone will wonder why it happened...
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