INFLATION ALERT: BILLS’ MONEY-SUPPLY MAYHEM
Published in the New York Post on February 2, 2009
The central economic crisis of the next five years may not be the greed-induced worldwide recession we’re now mired in – but the rampant global inflation that the politicians’ response to that recession could trigger. Recessions, and even depressions, come and go. But inflation has the potential to stick around for decades.
Look at what the TARP bailout has done to the money supply. From 2000 through 2007, the money supply rose on average by $351 billion a year, with annual growth only once exceeding $400 billion. In 2008, the money supply grew by $691 billion. And that includes only the first half of the TARP package and none of the coming “stimulus” package.
