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by TheFalcon
The inspector general of the Troubled Asset Relief Program (TARP) will report today that the U.S. liability for all of the bailout plans so far is $24 trillion. That’ll buy a lot of beef jerky. Just to put that in context, the U.S. government only collects in the neighborhood of $2.5 trillion in taxes each year! Let’s face it, the U.S. government is engaged in an orgy of debt issuance, money creation, institutional bail outs and deficit spending, the likes of which have never been seen.
What are your thoughts on whether these actions are inflationary, deflationary, irrelevant or just plain ludicrous? You can form your own opinion as to the absurdity of it all and leave me a comment. In the meantime, I’m going to focus on clarifying where the deflationary and inflationary forces at work in the global economy are taking us.
MEANDERINGS ON INFLATION, DEFLATION, MISINFORMATION & TOMORROW — The Falcon Post The Falcon Post
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