May 7, 2009 0
Ready, Shoot, Aim
Most of us under 50 are blissfully ignorant to that sick in the pit of your stomach feeling one gets when watching inflation steal your dreams, plans and future. Well, the ready, shoot, aim boys in Washington who blew it on regulating risking banking activities are on the job again to ensure that everyone who missed inflation in the 1970’s will get a chance to experience it now.
Simply put, inflation is an increase in the money supply, which can occur in a number ways, the printing of currency, lowering reserve requirements, Federal Reserve open market operations, etc. A common driver of inflation is the Federal Reserve artificially increasing money supply for short term, unsustainable political benefit. Read the rest of this entry »

