Economists Are Unconcerned By a Rise in Consumer Prices. “Economists played down the increase in prices, saying inflation is likely to ease in the coming months as prices for raw materials level off.” At some point these people need to have their credentials revoked. They didn’t see the collapse. They didn’t see the imminent failure of Porkulas. They didn’t anticipate the inflation. And they will be surprised yet again when it turns into stagflation as soon as banks start lending money again and the market realizes a trillion dollars was created out of nowhere.
http://youtu.be/2I0QN-FYkpw
