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Commentary Topic from greenfaucet

The Case Against Inflation

Many observers worry the government's massive spending programs and fiscal deficits will produce runaway inflation. I understand this point of view because I used to share it. But after studying trends in the credit market and economy, I see little basis for this concern, which is based upon thinking from another century. The more likely outcome of the policies of the federal government and central bank is a prolonged deflationary process.