Tuesday, November 18, 2008

Reflate This Economy Now

Now is the time to combat inflation.

I know that Ben Stein is a comedian, and that you can't take him seriously, but I am telling you: Take this seriously. See his post on yahoo/finance. The world economy is falling apart, and falling prices are the problem. Gas prices are down; housing prices are down; stock prices are down; Commodity prices are also down. Today the Wholesale Price index was down in October.
Here is a graph of the price of oil from forecasts.org.




See how dramatically prices have fallen. Gold is the same:



As Ben Stein says, all the spending now is "FREE." because there is no risk of inflation. The government needs to simply print money.