There is a reason that the Keynesians are and were wrong about the last 10 years and there is a reason the Austrians are and were right about the last 10 years.
When you figure that out, come back and look at how ridiculous your logic arguments seem.
Peter Schiff describes the nature of hyper-inflation. By the time you realize its happening, its already over. Listen to Krugman calling for another bubble to invest in! Listen to Bernanke justifying another pump job designed to inflate that bubble.
Trouble is, the theory has reached its limits. You can't quantitative ease forever. It only works when their is excess "credit" in the market. Once that credit is gone, the bubble system fails. That credit expired decades ago, the only thing that gave us the illusion of credit being available it the economic slight of hand that the Fed was designed to perpetuate. They dumped off the bad debt on the taxpayers.
The only thing left now is debt, all the money printing QE in the world is not going to change the fact that people cannot borrow past their means to produce. They can when their is fake credit, but now that party is coming to an end. Its last call and unless and until the system goes belly up on its own, or until people wise up and reign in debt spending, we'll just have to keep pretending that Keynesians and people like leading keynesians Bernake and Krugman know what the hell they are talking about.
