Letter Re: The Real Threat is Deflation
Mr. Rawles, I greatly respect your advice and columns on most matters yet I continue to see people like yourself claiming we are facing an inflationary holocaust. People in the inflationary camp point to the size of the Mother of All Bailouts (MOAB) or the rate or printing as if that number alone meant something. You cannot take that number alone, sir, but must measure it against the value of assets that have been destroyed by the deflation going on around you. The total inflationary pulse from Europe, Japan, and the US thus far is approximately $7.5 trillion as best …