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[GLENO34]

Bill Bonner...….

Who will tame inflation this time?
You already know the answer, don’t you, Dear Reader? No one.






It’s too late for that. Too many businesses… households… and the government itself depend on “printing press money.”
Too many economists, investors, politicians, and policymakers have forgotten how inflation works. They think it stimulates the economy.
And today, the costs of tapering off the Federal Reserve’s crackpot policies are far too high.
At the time of its last encounter with double-digit consumer price inflation, the federal government owed roughly $1 trillion dollars. Now, it owes nearly 30 times as much. It cannot “taper” off its money-printing now.
Interest rates would rise. And with so much debt outstanding, the carrying costs would crush the economy.