Looking at the GOP's plans, I think we can all agree that they are potentially highly inflationary, perhaps even stagflationary, assuming they avoid cuts so large they double dip the economy.
To mockingly quote Michelle Malkin, "It's time someone started to tell the truth about how the Young Gun's economic policies will hurt America."
It was only a week ago or so that the bond markets, anticipating a GOP win, sold the first ever negative nominal yield on TIP-securities.
Wednesday, November 3, 2010
GOP USHERS IN NEW ERA OF INFLATION RISKS
