Tuesday, April 14, 2009
People around is noticing that everybody is trying to fight their way out of the current recession by printing money, or as it is called today, by quantitative easing. Since everybody is doing it, even the dour Swiss, they all cancel each other out and all fail to achieve their aims. Or they all do, as debtors are paying off their debts easier. Invisible inflation is what we are living today, and there is no escape, but we shall survive, since we always do. The pic from the Anglosaxon Blog, with permission.