Where’s The Beef? (Part 2)
Inflation is caused by government spending, borrowing and money-printing. That’s it. Everything else is relative price change. The latter, of course, refers to Mr. Market at work,…
Written byDavid StockmanSource: David Stockman's Contra Corner
Inflation is caused by government spending, borrowing and money-printing. That’s it. Everything else is relative price change. The latter, of course, refers to Mr. Market at work, causing some prices to rise and others to fall and demand and supply balances to shift around in an endless ballet of adjustment and resource re-allocation. Needless to […]
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