Tedford Bets on Rising Inflation - WSJ.com
Telford's project also track with the facts of a highly to substantively putative fiscal policy and a highly stimulative monetary policy. On one hand the government is putting more and more obstacles in front of real economic growth and job creation; while, with the other (monetary policy), it assumes it can overcome the higher taxes, pro-union, labor cost increasing policies that make investment and job creation less attractive and higher risk.
It's hard to see a different outcome - in particular with the risk of rising costs for Federal borrowing which will ripple or crash through the economy - almost at any time.
It's hard to see a difference between the nirvanaland hopes of the administration today and that of homebuyers in the recent bubble.
It may also be that Federal spending, based on borrowing, is replacing the normal inflationary impact of private bank lending and borrowing.
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