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Friday, September 16, 2011

Paging Lord Keynes!

I thought recession and inflation were inimical????? Helicopter Ben tells us that the CURE for recession is an inflationary money policy.

From the article

Consumers are spending more to fill their tanks, feed their families and pay the rent. At the same time, the number of people applying for unemployment benefits has reached the highest level in three months.

The latest government data show that inflationary pressures and a depressed job market are hurting an economy that barely grew in the first half of the year.

Inflation squeezing consumers in weak economy - Yahoo! Finance

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