In Praise of Theft and Fraud (But Not Deceit)
March 7, 2013Spread the love
For a look at "hockey stick inflation" please consider Is Inflation the Legacy of the Federal Reserve? Wolf : If the BoJ sought to return to the level of nominal GDP implied by 3 per cent annual growth from 1997, it would be committing itself to annual increase of close to 9 per cent a year over the next decade. That could surely reduce the real burden of debt! Mish : Wolf is disingenuous.
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In Praise of Theft and Fraud (But Not Deceit)
