I am not a Nobel Peace Prize winner but common sense says when more and more people are laid off and stop producing goods or services and then the Federal Gooberment sends them money to compete with the fewer and fewer goods and services, inflation is a certainty.
‘Splane Lucy, ‘splane![/quote]
given the masive deleveraging it’s offset. Banks won’t lend, so, the money supply is effectively decreasing through reduced leverage, so M3 can grow,
despite that.
