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Fiscal Horror Story of the Day

As so eloquently put at Hotair: Only one model matches it; Germany in the 1920s.

laffer-monetarybase

Of course, that brings to mind pictures of Zimbabwean grocery shoppers, predicted here earlier.

One Response

  1. The treasury thinks that they can prevent inflation by selling T-Bills perfectly timed to reduce money supply w/o stiffling the recovering economy. Total BS. Who will buy the trillions required? The Chinese? I doubt they will bail us out then. We have been on this course for many years, it is that we are only now arriving at the destination and recent decisions have only made things worse.

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