Wednesday, March 02, 2005
Inflation
On March 1st in The Truth, Lawrence Kudlow. The Truth!, I said "Now, technically inflation is really an increase in the amount of money in circulation." From last weeks Economist we learn that
global liquidity has been expanding at its fastest pace for at least 30 years. In both 2003 and 2004 this (global liquidity) rose at annual rates of more than 20 percent. In no other two-year period since 1975 has liquidity increased so much.The CRB, again, went to another yearly high and, again, the government figures of 2% inflation don't appear credible.
Mover Mike
