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In one of my previous blogs: Is the stock market spring loaded? I coined the phrase Lightspeed Inflation in reference to the rate at which the government was able to dilute our currency. It is time we stopped referring to the government's over spending as "running the printing presses".

We have reached a point, given our maximum note size of $100, that we would actually be better off if the government did have to print the money. Now they can just add whatever amount they want to the balance sheet electronically.

Continue reading From gold standard to no standard: 'Lightspeed inflation'

From gold standard to no standard: 'Lightspeed inflation' originally appeared on BloggingStocks on Tue, 24 Mar 2009 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bill clintonBillClintoncurrencyfeaturedGEgeneral electricGeneralElectricGeorge W. BushGeorgeW.Bushgold standardgoldman sachsGoldmanSachsGoldStandardGSInflationlightspeed inflationLightspeedInflationpresident obamaPresidentObamawells fargoWellsFargoWFCTue, 24 Mar 2009 16:40:00 EST