I have a question for you Keith concerning your definition of inflation. You state in your Forbes article that your definition of inflation is when the Fed buys Treasuries from the government with Fiat currency (right?). So I looked up what it means in terms of the effect on the general public when counterfeiters actually circulate bad bills. The article I read stated that its the taxpayer who winds up getting hurt because the excess cash in circulation winds up being used to buy T bills which wind up having to pay higher interest. This in turn is payed for by the taxpayer with increased taxes. Is this the same effect of QE on the public? Are we paying more in terms of taxes due to increased interest payments for T bills?
Posted on: Mon, 19 Jan 2015 02:00:13 +0000
Trending Topics
Recently Viewed Topics
© 2015