For the last five years the House Financial Services Committee has - TopicsExpress

For the last five years the House Financial Services Committee has been listening to Republicans sounding the alarm on runaway inflation. Republicans claimed that this was the inevitable result of the Stimulus, of quantitative easing by the Federal Reserve, and of all of the emergency interventions that rescued our economy. And time has proven them very, very wrong. I don’t know how many times they have listened to Rep. Michelle Bachman or Chairman Jeb Hensarling prattle on about runaway inflation, debasing our currency, or the imminent demise of the dollar as the world’s reserve currency. They have been proved VERY wrong. We are now more worried about deflation of our currency. Stop these nonsensical efforts at killing our economy and let actual economists fix the economy. The right wing austerity policy has undermined every effort to actually stabilize and fix our economy. Remember... in November...

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