Employee free choice act forced unionization to demand protection from trade. Here in union Maryland food prices are going up, not down. That is also protectionism. Government intervention keeps natural gas prices high, used instead of cheap heating oil.
Schiff’s theory is that prices can go up independent of US demand , once the world economy figures out that can proceed without giving stuff to the USA, based on devaluation of the dollar. But I get your point SChiff did NOT predict the current (partial) deflation with crash and this is the question of the day.
Liberal Cramer on CNBC says Obama needs to create inflation to start another boom.
“Liberal Cramer on CNBC says Obama needs to create inflation to start another boom.”
Of course. That’s what we’ve been doing all along, replacing old speculative bubbles and (”clusters of error”) with new speculative bubbles. How could it fail?
What’s that you say? It’s failed a million times already in human history? Well, be that as it may, we can’t just do nothing? What’s that you say? Yes we can? Okay.