Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Ok, what I was trying to say here is that:

  1. There must be massive deficit spending.

  2. This deficit must be financed.

  3. The Chinese don't look willing to make the loan.

  4. So we make the money by printing it.

  5. The amount of money printed is not going to be matched by an equivalent amount of goods.

  6. There will be more money to buy roughly the same amount of goods.

  7. The amount of money required to buy the same amount of goods will increase.

  8. Inflation.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
by ManfromMiddletown (manfrommiddletown at lycos dot com) on Sun Oct 12th, 2008 at 10:17:21 PM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series