Given that we're already experiencing zero or negative growth, inflation seems like a really good idea, especially since the Fed can stop anytime it wants and begin raising rates.
...Except it couldn't raise rates. Not with trillions of debt needing to be paid back by both government and corporations (hint: there's no way). So the fed will just print and print and print...until the dollar is worthless.
Right, which is what was supposedly happening with all the TARP and Stimulus and Cash4clunkers and houmebuyer tax credits. Guess what? Still, after 3 years of recession and 2 years of Great Recession, we still haven't gotten that worthless dollar and inflation. In fact, we're talking deflation. AND, wages are steady to up, not down as is to be expected.
"we still haven't gotten that worthless dollar and inflation"
Oh yeah? Dollar is at 85 vs the yen, from 115 three years ago. Food prices doubled (food portions also got smaller), healthcare costs doubled, gas prices doubled, and so on. Are you using the old trusty government CPI for your inflation stats?
