Significant Shifts in Psychology
Jan 3rd, 2007 | By Michael Shedlock | Category: Macro Economics
I find myself coming back to the same quote from an interview with Paul Kasriel:
"Mish: How does inflation start and end?
"Kasriel: Inflation starts with expansion of money and credit. Inflation ends when the central bank is no longer able or willing to extend credit and/or when consumers and businesses are ...read more
