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Sat, 13 Aug 2011, 4:45pm OT) Economic cycle... »
Registered: Oct, 2008
Last visit: Thu, 04 Apr 2013
Posts: 1652

Rick Ackerman was strongly on the deflationist camp until he changed his mind:

...after reading this article:

You might not agree with everything stated there but it does substantial foundation.
One is based on that old joke about outrunning the bear in a camping ground: you don't need to run faster than the bear, you need to run faster than the slowest camper...
Since the bankers will be the closest to the printing press, they will be the first to benefit from the newly printed money yet to lose value.

Each month, Dick Weir moves 50% closer to his goal. But when he does: I'll be ready to kick the door and get out of the barn upon reveal. Ron Paul 2012!