It's speculated that M3 (the broadest measure of US dollars) is growing at more than 10% this year, atop similar growth last year. It's "speculated" because Greenspan's Fed stopped publishing the statistic and Bernanke's Fed has not shown signs of stopping the trend.
That kind of monetary growth, unmatched by similar productivity growth, spells "inflation." It will happen--the only question is "when."
So we will have Inflation.
Now for DarthDoyle's contribution: taxes. Ol' Jimbo's going to hike taxes--not nearly as much as he's proposed, because even Jimbo couldn't afford to live here if that happened--but he'll get a hike.
What does Lenin have to do with it?
"The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation." V. Lenin
Umnnnhhhh...some of us "bourgeoisie" won't take well to being crushed.
Ol' Jimbo's going to hike taxes--not nearly as much as he's proposed, because even Jimbo couldn't afford to live here if that happened--but he'll get a hike.
ReplyDeleteIf I thought you could afford to lose, I'd bet you he would get at least 80% of the tax hikes he wants.
Yah--but you can't afford to WIN due to the Wis. Income tax.
ReplyDeleteScrewed blue and tattooed...
Since you are fond of quotes, here is one that describes conservative strategy (past, present and future, re: Doyle).
ReplyDelete"Make the lie big, make it simple, keep saying it, and eventually they will believe it."
A.Hitler
Umnnnhhh....
ReplyDeleteOS, I just read the newspaper. He's proposing tax increases, no?
Or is your "strategy" to simply ignore them?