Inflation???

"As government printing presses and central banks inundate the marketplace with ever expanding supplies of money and credit, the tragic consequences are becoming much easier to see. It is increasingly difficult for politicians to explain away the economic upheaval, social disorder and general erosion of the moral and social fabric attendant on their policies. "

No, I didn't say that! It is appropriate though, because of what the genuises in Washington are doing. The quote is from a book titled, Age of Inflation, by Dr. Hans Sennholz. And no, it wasn't written this year. The book is circa 1979 and should be required reading for everyone, especially those in government.

Does anyone besides me remember the double digit inflation and turmoil of the Carter years? Price lists were obsolete before the ink was dry. I fear we are heading into another of these periods, hastened by such debacles as tax refunds for those who don't pay taxes.

But then we shouldn't worry. The current inflation rate is only around 3%. Yeah...Right!

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