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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (654347)5/9/2012 7:11:11 PM
From: Tenchusatsu  Read Replies (1) of 1579464
 
Ted,
Inflation is a long way down the road. Let's worry about it when we get close.
I worry about it because it is PRECISELY what Krugman and his followers want. He even argues in some of his papers that the spectre of inflation SHOULD be raised in order to jump-start economies out of liquidity traps.

With the socialists taking control of Europe (as if Europe isn't already controlled by the left), we're going to see what happens when public policy actively tries to boost nominal GDP. Bad things will happen. It has before, it will again. Look at the 1970's.

Tenchusatsu
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