Ray, there's not going to be any deflation.
Uncle Al KBE can pixelate dollars like crazy, email them to regimes requiring support, who can use them to hire soldiers and police, buy Made in USA supplies as well as CDMA phones and Globalstar phones, which might or might not be Made in USA. If said regime buys a bunch of Toyotas, that's good too. The Toyota sellers will buy a swag of Kyocera phones, which have QUALCOMM chips powering them.
Whether GeorgeW loans or gives the newly-printed dollars to said approved regimes doesn't matter. It'll boost demand for goods and services. There won't be inflation because it's deflation we are trying to avoid and rapidly increasing demand will push prices higher [or, in this case, stop them falling]. GeorgeW and Uncle Al and those who are on the right side of the process can have a LOT of fun!
Everyone a winner, with lots and lots and lots of dollars which won't go down in value. <Uncle Al is very much like the duck who sits serenely in the stream whilst his hidden legs flail against the current. Deflation looms.
The growth rate of MZM the last two years has been unprecedented >
But of course, some things WILL go up in price. Namely shares, because all those dollars will be going shopping. Everyone wants a CDMA cyberphone. A dead, cold, lump of gold won't help them make a call.
Mqurice |
