Thursday, February 18, 2010

"Possible upward price pressures in the pipeline"

Now there are hints that the (inevitable) inflation which must result from the vast increase in government spending may be in evidence. We should hope this is not the case, for two reasons: One, it's just more hardship and pressure on the economy which is struggling to breathe on its own. Two, high inflation will provide another opportunity for the statists to interfere again in the marketplace by imposing controls. Here's another version of the same facts. You'd think that someone may have planned this....

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