Today's Wall Street Journal has a very informative article by Arthur B. Laffer titled: Get ready for Inflation and Higher Interest Rates. Laffer reports that "The unprecedented expansion of the money supply could make the '70s look benign."
Yup! I look for inflation to be quite obvious before next Christmas and galloping out of control all next year. After all, government cannot give all that money away without consequence. Your children and grandchildren will be paying that bill for many years to come.
What we are seeing from this administration is the Peter Principle personified. Obama is making Carter look almost knowledgeable. . . .
.
.
Subscribe Now: Feed Icon
June 11, 2009
Subscribe to:
Post Comments (Atom)
About Me
- Doug Fiedor
- Retired medical research scientist and clinical engineer and sometimes political campaign volunteer. Presently writing political commentary -- and starting to dabble in fiction. Interests include politics, alternative medicine, photography, and communications.
2 comments:
Waste a few billion here and a few billion there...pretty soon we're talking about real money.
Yup! LOL
Post a Comment