Stand By For Inflation! — A Special Form of Stealing

Somehow as I watch prices rise in the supermarket and elsewhere the Fed's mantra about being afraid of deflation just doesn't ring very true. The interest on the long bond is growing. The deficit is out of sight and we need to pump 600 billion more unbacked dollars into the economy for some reason? How about having the government stop spending so much money and giving people who actually do something productive a chance for a change. The government does nothing except give orders. They regulate, they control, they print money without any particular goal except vague and questionable things like "we're afraid of deflation" — and they sell bonds which takes money that could have gone for something productive off the table. We'll see how all this plays out, but I'm expecting more inflation than is helpful and maybe much more.