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EScroogeJr (< 20)

Inflation must be suppressed, Greenspan says

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December 16, 2007 – Comments (1)

So let us get this straight: the Fed chairman who lent trillions of dollars at 2-3% is now talking about taming inflation? I always thought inflation is something that happens whan you inject new money into the economy at the rate exceeding the rate of economic growth, am I missing something? By the way, Alan, what would be the rate of inflation that you have so cleverly suppressed by excluding house prices from the CPI index if you practiced fair accounting?

http://biz.yahoo.com/ap/071216/greenspan_economy.html 

1 Comments – Post Your Own

#1) On December 16, 2007 at 5:29 PM, dude59 (27.07) wrote:

The game is rigged. CPI and all the other numbers are grossly edited. We play the game knowing this. He knew how to play the game. Greeney knows that we are near a possible end-game and there is not much more we can get out of adding liquidity at this point except inflation.

A recession is needed, but it will hurt the big banks very bad. Inflation will hurt them worse. at this point Ben is left with few choices due to the action of his predicessor.

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