Wednesday, February 04, 2009
Why I'm Predicting 20% Inflation in 2010
It's my idea that inflation is caused by too much money chasing too few goods and is almost exclusively caused by monetary policy--a combination of the amount of printed money in circulation and the prime rate. However, keep in mind I've never taken a single economics class or read anything on economics other than Karl Marx.
Besides, the tricky part is deciding what to do to avoid having your life savings become worthless. I have nothing to say on that.