Thomas Sowell on Inflation

http://www.futureofcapitalism.com/2010/07/thomas-sowell-on-inflation

Thomas Sowell: "Not only has all the runaway spending and rapid escalation of the deficit to record levels failed to make any real headway in reducing unemployment, all this money pumped into the economy has also failed to produce inflation....There may not be any inflation now, but eventually that money is going to start moving, and so will the price level."

by Editor  |  Jul 13, 2010 at 8:40 am Related Topics:  Federal Reserve, Stimulus receive the latest by email: subscribe to the free futureofcapitalism.com mailing list