Holy cow, Batman. There really is inflation!

Forbes/Robert Barone/1-25-2020

graphic image red sticker with the word "inflation"“Friedman’s pronouncement that inflation is caused by excessive money printing is still true. The problem in today’s economics profession is that ‘inflation’ is too narrowly defined; limited to the prices of goods and services, while asset price inflation is excluded. If inflation is defined to include asset prices, then it would be well recognized that, today, we have plenty of it.”

USAGOLD note:  The problem with all of this is that no one knows where it ends.  Some see the process as the Weimarization of the global economy.  Others see it as the necessary remedy to demographically determined Japanese-style stagnation.  Some, including a good many hedge fund managers, say common sense dictates hedging one’s bets, i.e., that it cannot possibly end well. This article defines the problem in a straightforward manner and ends with the observation that the notion of ‘trickle down’ is a “harebrained idea.”

This entry was posted in Today's top gold news and opinion. Bookmark the permalink.