Obamaflation Watch - The American Spectator | USA News and Politics
Obamaflation Watch
by

As readers may know, I’ve been tracking the likelyhood of inflation on this site, and in today’s WSJ Arthur Laffer lays out the case for why we’re at risk of inflation, and predicts it’s going to get pretty bad:

It’s difficult to estimate the magnitude of the inflationary and interest-rate consequences of the Fed’s actions because, frankly, we haven’t ever seen anything like this in the U.S. To date what’s happened is potentially far more inflationary than were the monetary policies of the 1970s, when the prime interest rate peaked at 21.5% and inflation peaked in the low double digits. Gold prices went from $35 per ounce to $850 per ounce, and the dollar collapsed on the foreign exchanges. It wasn’t a pretty picture.

He also provides this illustration of the stunning increase in the money supply, “the largest increase in the past 50 years by a factor of 10.”

Sign up to receive our latest updates! Register


By submitting this form, you are consenting to receive marketing emails from: The American Spectator, 122 S Royal Street, Alexandria, VA, 22314, http://spectator.org. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Be a Free Market Loving Patriot. Subscribe Today!

Black Friday Special

The American Spectator

One Month for Only $2.99

The offer renews after one year at the regular price of $10.99 monthly.