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To: MythMan who wrote (391182)	7/29/2009 10:33:01 AM
From: Real Man	Read Replies (1) \| Respond to of 436258

Yellen says folks worry too much. It's OK to print. She just has some dumb business contacts. <G> jessescrossroadscafe.blogspot.com "Let me now address another issue that is garnering attention —inflation. This is a subject rife with contradiction. Almost without exception, my business contacts report downward pressure on wages and prices. At the same time, they tell me they worry that the United States is on the threshold of serious inflation. They see large federal budget deficits today and more looming on the horizon. They also note that the Fed has pumped up bank reserves and expanded its balance sheet to fund its financial support programs. They worry that this may amount to financing deficits with money creation. Surely, they say, these things will eventually have to lead to higher inflation."