Tuesday, June 23, 2009
Hyper-Inflation
I listened to an interview with Governor Tommy Thompson this a.m. on WIBA. During the interview he expressed concern about the unbelievable spending going on right now at the federal level. He predicts inflation levels that might surpass what we saw during the Carter administration in the late 70's - early 80's. I concur. Those who feel this massive spending was necessary to turn the economy around are likely to regret that we didn't take our lumps now and reap the benefits later. As it is, Katy bar the door in a few years, I'm afraid.