"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Specter of Stagflation
Submitted by Robert Kaercher on Mon, 2007-11-05 17:00
"Like clockwork, and as projected by the few good economists who understand the trade cycle, the liquidation phase of the current cycle began ? once again, due to a central-bank-induced credit crisis. And yet again the credit crisis began in year 7 of the cycle, after close to 6 years of economic expansion, that is, the artificially pushed money supply boom."
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