Friday, April 13, 2012

Hyperinflation warning

Many economists believe the U.S. has avoided [serious] inflation [perhaps even hyperinflation] only because the other developed nations of the world have been willing to finance our excesses. Whatever the reason for this aberration, we can consider ourselves fortunate [so far]. However, most economists would argue that the trend is not sustainable. – Gerald Swanson, Ph.D., Economist at the University of Arizona

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