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
“Explanation separates us from astonishment, which is the only gateway to the incomprehensible.”
“The one big strategic error - which was a political error and an economic error of grand proportions - was the prescription drug bill.”