[We] drooling lay persons are all too, too stupid to comprehend something that is actually simplicity itself: when the supply of money grows faster than the stock of goods and service. , the money will diffuse through the stock of goods and services with the result of higher prices for goods and services.
Seems simple to me! But then I am not a Federal Reserve hotshot with a PhD in economics from an “acceptable” university to wave in anyone’s face, and neither do I subscribe to the idiotic neo-Keynesian econometric crapola that fascinates the Federal Reserve and mainstream academia, a theoretical monstrosity which has resulted in the horrific economic mess we are in, and from which there is, alas, no escape.
"Party on, dudes" says the Fed. Do so at our peril says The Mogambo Guru.
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