Ed Driscoll

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An Inconvenient Narrative

May 7, 2009 - 3:09 pm - by Ed Driscoll
anton
2009-05-08 07:36:54

The rise in prices is caused by a drop in the value of a dollar, Teleprompter and company have effective printed trillions since January, the dollar has fallen sharply. Thus oil prices (in US dollars) have gone up. Not a tax increase, just our money tanking because it is being printed at record pace while our economy is shrinking.

Can anybody recall the Weimar Republic? I’m sure the Chinese can.