National Debt Clock
Showing posts with label Inflation. Show all posts
Showing posts with label Inflation. Show all posts

Tuesday, June 9, 2009

GOP Lawmakers to Fed: Stop Printing Money

http://www.newsmax.com/headlines/gop_fed_printing_money/2009/06/09/223162.html

“Creating dollars to cover debts gives markets a short term boost at the expense of debasing the dollar and triggering inflation. To date, the Federal Reserve has already created over $130 billion to cover $35 billion of long-term debt and over $100 billion of short-term securities”

Friday, March 20, 2009

Glenn Beck: Last Line of Defense

http://www.glennbeck.com/content/articles/article/198/22954/

Ok, so we are robbing Peter to pay...Peter, got it!

Note:
Glenn mentioned Zimbabwe as a case study for inflation. I found this informative, but rather long study called "A Decade of Suffering in Zimbabwe" done by the Cato Institute so you know it's good. Truthfully, I just skimmed it, but when I have more time I'd like to read it more in depth. For those of you that are interested:

http://www.cato.org/pubs/dpa/dpa5.pdf