M1 money supply to real GDP growth since 1958.
That huge excess, all generated since 2008, eventually has to be hoovered back out of the economy, unless we want to suffer an inflation to make 1979 look like 1929.
Of course, that’s contingent on the return of robust economic growth, so then again maybe we’re safe.
Steve launched VodkaPundit on a well-planned whim in 2002, and has been with PJ Media since its launch in 2005. He served as one of the hosts of PJTV, a pioneer in internet broadcasting. He also cohosts "Right Angle" with Bill Whittle and Scott Ott at BillWhittle.com. He lives with his wife and sons in the wooded hills of Monument, Colorado, where he enjoys the occasional adult beverage.
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