Tuesday, October 13, 2009

Hyperinflation Nation

Just over a year ago, America's monetary base was equal to 6pc of national income. Now, after a year of money printing, it's 12pc. The US has expanded its basic money supply by a staggering 108pc in 12 months. No wonder the currency markets are alarmed about future US inflation.

'Benign currency neglect' could spell real danger for US economy

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