The practical misconception here — and it’s a big one — is the notion that we live in an era of wildly irresponsible money printing, with runaway inflation just around the corner. It’s true that the Federal Reserve and other central banks have greatly expanded their balance sheets — but they’ve done that explicitly as a temporary measure in response to economic crisis. I know, government officials are not to be trusted and all that, but the truth is that Ben Bernanke’s promises that his actions wouldn’t be inflationary have been vindicated year after year, while goldbugs’ dire warnings of inflation keep not coming true.
HAHAHAHA! I was laughing so hard while reading this, I was crying. Seriously, is this guy delusional? Oh, he probably lives in parallel universe where colorful paper called dollar/euro/yen/peso still worth something...
NO INFLATION! I want to kick this bastard to the nuts. With construction steel toe boot. Printing these paper so called "money" is a temporary measure in response to crisis.
Either this guy is mega awesome troll with great sense of humor or mental hospital patient... That bernanke bastard is the last person I'd trust. Heck, I'd trust drug addict with my money before I trust him. If he says "no inflation, everything under control" it means "OH SHI! We might turn to zimbabwe!"
