Tuesday, April 15, 2014

So-called US "national debt" (= savings accounts at the Fed) Has No Historical Correlation With Inflation.

Image hat tip to Auburn Parks at SeekingAlpha.

US National Savings Accounts co-plotted with CPI.



Can't repeat this viewing often enough. We have at least 10 million citizens to reach, just to start making a dent. 

Can someone please show this to Simpson & Bowles, and to Maya MacGuineas, at the "Committee for a Ridiculous Federal Budget"?

The only question remaining is who is sitting on the bulk of those currency assets? The distributed consumers/investors/users previously known as the US MiddleClass ...... or,  ..... a collection of oligarchs?


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