2009-03-20

Mr. Practical: Mini Hyper-Inflation?

Good stuff.
$300 billion vs. the Treasury’s funding needs of a minimum of $1.5 trillion is only decreasing the amount of liquidity withdrawal by those needs. It’s not at all the case that the Fed is hyperinflating - to say nothing of these Fed purchases being, of course, a drop in the bucket to the trillions that have been and are in the process of being wiped out.

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