Robin Koerner: An Inflation Inflection and the Best Trillion We Shouldn't Spend

Robin Koerner: An Inflation Inflection and the Best Trillion We Shouldn't Spend: "In a very real sense, then, the very act of government spending is inflationary—and this fact begs the question: Since the government is only taking in about 57 cents in tax revenue for every dollar it spends (as it is currently doing while running its huge public deficit), why aren't we seeing all that massive inflation as this new government-spending-created money sloshes around the private sector?

Good question. And the answer is telling."

Beware of the Man with the Sword

          The FED chairman and Treasury Secretary, Ben Bernanke and Tim Geithner, are supposedly impartial technical specialists, but have of late become apparatchiks in the best style of former high level Communist party experts of the now defunct U.S.S.R.—the parallel is disturbing given the nature of our unprecedented spending spree and its potential disastrous consequences.  That two individuals, as pointed out by Daniel J. Mitchell in his Why are Geithner and Bernanke Trying to Panic Financial Markets with Debt Limit Demagoguery?, that are supposedly beyond politics, are taking such a biased and partisan stand as to declare that not increasing the debt limit will cause financial meltdown is irresponsible and not conducive to a rational debate on balancing our out of control budgetary process.