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Inflationary Depression

April 8th, 2009 | Economics, economy by Peter Schiff

If you try to postpone recession the way the US government has tried to do, then one day you will have a much bigger problem. If you postpone recessions through deficit financing, or through easy monetary policies, then obviously you have very strong debt growth as we have had in the US. Debt as a percentage of GDP has expanded from 130% in 1980 to 360% today. FULL ARTICLE

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2 comments ↓

#1 Michael Boldin on 04.08.09 at 10:50 am

A problem caused by reckless spending, artificially low interest rates and a huge inflation of the money supply isn’t going to be solved by more spending, more debt, lower interest rates and more inflation.

Isn’t that the definition of insanity?

#2 Frank-O on 04.08.09 at 11:12 am

Insanity is right! But the sheeple keep waiting with their hands out to be saved by the very same government policies that got us here.

Hey, how about that multi-trillion dollar war machine?

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