PRICES AND MONETARY INFLATION

Up a great deal. More than at any time since World War II. How much is a great deal? Probably far more than you expect. Read on...

These price increases are not going to be immediate. There are lags. There is no smooth or mechanical relation between today’s money growth and today’s consumer prices. These things take time. General price level increases depend on both the growth in money supply in past years and on whether that growth is sustained over many years. The Obama administration and the Fed have both told us that they intend to sustain their stimulus for years to come. Add that to the fact that the existing rate of growth of the monetary base already is at a rate that is typical of a banana or coconut republic. Similar results are highly likely. Michael Rozeff, Lew Rockwell.com

-flynn