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From Matthew Gross' blog:
Here's a modern riddle for our postmodern times: is inflation still theft in a country with a negative savings rate?
The answer: We'll all soon find out. (If you need a further hint, just consider Mike Whitney's nice axiom today: "The path to indentured serfdom is paved with the Fed's low interest green paper.")
I happen to enjoy the Zenlike simplicity.
The answer: We'll all soon find out. (If you need a further hint, just consider Mike Whitney's nice axiom today: "The path to indentured serfdom is paved with the Fed's low interest green paper.")