... and why am I not the least bit surprised?
Posted on 11/11/2010 8:51:44 AM PST by RobinMasters
If hyperinflation arrives, Time Magazine wants its readers to know who the real culprits are. It won’t be the federal government that hiked annual spending by 38% in three years and began running trillion-dollar deficits. It won’t be the Congress that kept raising debt limits to allow for that spending spree. And it won’t be the Federal Reserve that, in desperation over the government’s spending and debt spree, began printing money to artificially keep interest rates low. No, the real culprit will be the political movement that opposes all of the above, according to The Curious Capitalist:
In a recent paper, called Temporarily Unstable Government Debt and Inflation, which can be downloaded from this website, Leeper has a chart that he unofficially calls the Tea Party shock graph, on page 25. Before the Tea Party, inflation is rising slowly. But in the first year the Tea Party or a group with similar views wins the Presidency or takes over Congress, whamm-o. Inflation doubles, and keeps going up. He wrote the paper in October, so he puts the potential date of Tea Party takeover as 2019, but after this election Leeper concedes Tea Party induced hyper-inflation could come much sooner than that. So is Palin riding the Hyper-Inflation Express? Maybe. Here’s why …
(Excerpt) Read more at hotair.com ...
WOW! The Tea Party is in charge of the Federal Reserve. Who knew ?
I’ve seen cause and effect deliberately clouded before, but this one takes the cake.
Maybe everybody should go back to wearing those WIN buttons.
Amazing.
Time's frustrated because their "value" won't increase with the hyperinflation...
The Leftists are going to cause hyperinflation (Cloward-Piven, Soros, et. al), so now is the time to put some propaganda in peoples’ minds that the Tea Party (and the “rich”) are responsible. Tell a lie often enough....
When I was a little kid during Nixon years I recall a pack of chewing gum went from a nickle to 6 cents then to a dime.
I was pissed!
Time is looking at the future and seas conservatives winning out and taking the presidency and the Senate in 2 years. Tima, along with everyone else also knows that hyperinflation is coming , is baked in the cake as it were, and is using the conjunction of those two likelihoods to try to score some bogus political points.
I’ve always wondered what the cause of Heartbreak of Psoriasis was.
Now I know. Damn you, TP!
The left has come totally unhinged. It’s spokesmen can be seen on financial shows OVERTLY threatenly violence.
LMAO, so Obama’s a member of the Tea Party, therefore the Tea Party is to blame for $1.3 trillion anual deficits Obama’s run which the Fed is buying up because no one else has confidence in American bonds? Gotcha Time. Go back to your collective hash pipes. Someone still reads this rag? Yeah, nothing like reading week old news.
No, The TEA Party will cause
Hyperventilation
amoungst the RINOs and Libs.
>It’s spokesmen can be seen on financial shows OVERTLY threatenly violence.
Buy guns, buy ammo.
I suppose a public who could be convinced that SUVs were responsible for global warming could be convinced of this too.
AND I should learn how to spell check....
Doncha just love these over-educated idiots who conclude that coincidence equals correlation equals cause/effect?
... and why am I not the least bit surprised?
Times sells about 92,000 magazines a week, less than Rush’s news letter.
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