Wednesday, July 14, 2010

Why to Not Fear Inflation

That massive increase in the money supply? By some measures, it never happened. By others ... it's already been taken back out again.

Also with a hat tip to MR: economic definitions:

Economics: actually explains everything
Economy, the: completely incomprehensible
Debt: i) public -- is inexcusable;
private -- drives the economy.
ii) public -- drives the economy;
private -- is a failure of social safety nets.

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