August 3, 2009
Washington is Clueless About Inflation
It's unfortunate that nobody in Washington understands what the true definition of inflation is. Inflation is the expansion of money supply from the printing of money, low reserve requirements, and the Federal Reserve's open market operations. The hyperinflation in Germany in the 1920's as well as in Zimbabwe today was caused by the government running their printing presses non-stop, exactly like the U.S. is doing right now.
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