I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial ti
“We were not given any statistics as to how many records were pressed on the blue label. I used to ask Bob Shad how we were going to get paid from record sales and what I got for an answer was not to worry about the business end of the deal.”