<object width=”425″ height=”344″><param name=”movie” value=”http://www.youtube.com/v/06awZjZTVlQ&color1=0xb1b1b1&color2=0xcfcfcf&hl=en&fs=1″></param><param name=”allowFullScreen” value=”true”></param><embed src=”http://www.youtube.com/v/06awZjZTVlQ&color1=0xb1b1b1&color2=0xcfcfcf&hl=en&fs=1″ type=”application/x-shockwave-flash” allowfullscreen=”true” width=”425″ height=”344″></embed></object>
On top of explaining the how’s and why’s, Paul asks the valid question: why don’t we ask those who predicted this was coming with near exact prescience to provide us the solution?
Who predicted this? Those with an understanding of the Austrian School of Economics.
Note Bernanke’s wiggly answer on fighting inflation — defining inflation as prices rising vs. the printing of money. Absent is any acknowledgment that stock and bond prices are massive beneficiaries of inflation.
Powered by FireStats