Wal-Mart CEO Bill Simon expects inflation - USATODAY.com
Inflation is coming. The biggest problem is that the central government in a vain attempt to keep housing prices high, has tried and is following a policy to create inflation. But this silliness will probably only achieve inflation in consumer staples since the net affect of trying to inflate has been a serious debasement of the currency. As the currency has weakened, the prices of imported goods have increased when calculated in US$. Best of luck Americans, you will have both stagnation and inflation courtesy of your worse than worthless government.
Wal-Mart CEO Bill Simon expects inflation - USATODAY.com
posted by glenzo @ 3/31/2011 09:51:00 PM
1 Comments:
That is impossible. There will be very little inflation unless Ben Bernanke says there will be.
What would the CEO of the largest company in the world that makes a living by selling things to consumers know about price inflation.
Just plain scare mongering.
The key to stopping inflation is to print more money.
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