[bert]

——the sum and substance of Fed policy is massive inflation of financial asset values,-—

First....... stockman is only 69. I thought he must be 80 at least.

I have harped on inflation for a long time and was proven to be wrong. The FED or someone has kept a very tight reign on inflation of all but the stock market. Absent a general inflation and thus devaluation of the $ and debt financial assets, the Federal debt can’t ever be reduced.

[HomerBohn]

DOB: November 10, 1946