I posted a question with the subject line, "Is the Fed inflating or not?" to a Listserv of professional economists. After about 30 replies, I still don't know what the answer is.
Here is a plausible argument stating that in today's environment, Treasuries are actually safer investments than "cash" at the bank. (HT2 Pepe.) Soon the nominal yield on short-term Treasuries may be negative; institutions might actually give the government $1000 in cash today, in exchange for a promise of $995 (say) in three months. Why? Because if they keep it in the bank earning a better zero rate of interest, they could lose it when the bank collapses.
Man oh man.
If you wish to better understand Zeno's worry about the continuum, you could do worse than to consider loops in software. Case 1: You...
Declares LewRockwell.com : "All of this means that while the government has been artificially propping up the economy and 'stimu...
Is shaping up nicely .
The language won't die, but that doesn't mean the programmers won't ! Funny quote: '"Just because a language is 50...