I've been thinking a lot about how this will play out when Zimbabwe Ben prints infinite quantities of money to try to stave off deflation/depression. My current view is that Bernanke (along with our reckless fiscal policy) will succeed at destroying the dollar, but this won't bring back the economy. Something like ultrastaghyperinflation.
Mish consistently has some of the most thoughtful analysis, but if you want a concise one-pager in layman's terms, read it here at Denninger's.
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UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a... -
Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
QE has permanently ruined bonds for investors
You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...
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