bsrsharma is right when stating "One way the Fed is helping to solve our severe indebtedness is through inflation. By successively shrinking the value of US $, we actually have to pay less in real value to our Creditors, both public and private. Since most of the Debtors are American and Creditors are Foreign, this is politically very attractive. "
That’s what most level-headed economists like peter navarro are saying, even if they disagree with the policy. Peter stated in Feb 2003 that war was going to stimulate the economy and turned bullish on stocks then.
