Sunday, February 28, 2010

Why We Don't Have Hyperinflation Even Though The Fed Has Printed $1 Trillion

Voltron says: bottom line is the "money multiplier" has gone below 1.0, i.e., when the government spends a dollar into the economy, it creates LESS THAN one dollar of stimulus. It's a complete breakdown of the government's crackpot Keynesian stimulus policies.

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