That was my wakeup call in late 2008 with Schiff. Both parties are just telling us what the focus group/poll says to tell us, and running the country in a way to get past that next re-election, no further. (in the case of president that is only one reelection.) Each side says the other is evil, stupid, etc. But both have contempt for the truth that comes from the Austrians, both tell us their Santa is the real one, and the others is the Grinch.
The real problem is deciding if its going to be deflation or inflation.
I think we’ll see deflation and then inflation. They are the two sides of the same debased coin. Like an out of control vehicle oversteering for one side of the highway, then overcorrecting for the other. When the vehicle finally flips and rolls and crashes off the mountain, it won’t matter if it was the side of deflation or hyperinflation.