[dalereed]

"There is a word for too much money chasing too few goods, but I forget it."

It's called inflation or the Feds printing presses have been working overtime!

[headsonpikes]

"There is a word for too much money..."

"It's called inflation..."

Well, thank God we don't have any of that!

;^)

[arete]

It's called inflation or the Feds printing presses have been working overtime!

Monetarists are currently losing the battle against deflation regardless of how much money they print which seems contrary to everything that we believe "should" happen. If you want to get a really good explanation of what is going on, spend the next 60 min listening to Roger Arnold at this link. It will clear up the confusion.

Roger Arnold Show

Richard W.