3/5 A while back, I mentioned the possibility of hyperinflation in the US
Looks like I'm not the crazy one:
http://www.time.com/time/business/article/0,8599,1969231,00.html
\_ Stands to reason it will happen. We want a weak dollar to pay
back debt with devalued dollars and we printed a lot of them.
I invested a lot in TIPS.
\_ Yawn. Right now the problem is deflation, not inflation. That
article says that taxes are going to go up instead, and I tend
to agree.
\_ Taxes will probably rise, but inflation is inevitable given
how many dollars we printed and scarcity of natural resources.
I would (and did) bet heavily against deflation.
\_ How do you explain Japan's two decade long experience with
deflation then? They printed lots of money, have ran massive
budget deficits, have a scarcity of natural resources and
have not been able to shake the deflation bug.
\_ "As Washington ponders its taxation options, it might also wish
to cast its gaze toward the NYSE and Nasdaq, whose companies add
very little to the public till."
Only if you completely ignore the payroll taxes and sales
taxes these companies pay and the taxes their employees pay
out of their salaries. |