Originally Posted by
TimoC
http://research.stlouisfed.org/fred2...ax_630_378.png
Look at the money supply during the last few months.
Not deflation, but INFLATION
Stimulus isn't going to work, tax cuts are a misnomer, and are actually redistribution of wealth(we tried it recently under Pres. Bush)
The "stimulus" doesn't even begin to replace the wealth lost in 2008. Prices of almost all commodities, houses, 401ks and cars have dropped in a dramatic way. Money or wealth exists in many forms that a printing press can't generate. The author does predict inflation if the current path continues.
See also:
http://www.airlinepilotforums.com/mo...w-happens.html