DislikedHi Paul,
That is not that easy, isn't it?
The US have indeed doubled their monetary base. But a) one have to look how they did it, and b) one have to look how inflation is measured.
a) doubling the monetary base was not a mere printing process but more kind of via IOU's
b) inflation is measured via M2 and outstanding debt. The latter part is often forgotten. Big fault. When in times like these, debt in huge quantities implode, you can widen M2 by the imploded amount without causing inflation.
I have stated it often here, that the US...Ignored
Bisse VWLer ?
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts