Daily Article
Thursday, August 07, 2008
by
Thorsten Polleit
Whatever the technicalities for propping up the government-sponsored paper-money systems may be, the decade-long debt binge will most likely end in inflation. This is because the "crisis" is widely perceived as a calamity — rather than the necessary economic correction of malinvestment brought about by central banks' manipulation of market interest rates through credit and money expansion. On top of that, people fear deflation much more than inflation.
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