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And any oil-stoked or worry-wart-induced inflation will be cut off by his toughness.
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The ultimate consequence here will be Fed induced inflation which solves some short term problems but, promises a whole set of new problems.
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This surge had enraged consumers, who face oil-induced inflation.
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Unfortunately, this is not what I see is happening as unemployment remains high and wages are not growing (i.e. disposable income generally has not been able to keep up with the commodity-induced inflation).
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However, with concerns still running high regarding the impact of oil- and commodity-induced inflation on both the consumer and corporate America, the bulls were unable to move the needle very far on Friday.
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For those people in Argentina that want to bypass currency controls and also shelter their money from government-induced inflation, this Buenos Aires exchange community claims to buy and sell bitcoin for Argentine pesos.
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These adjustments prevent inflation-induced increases in tax rates, an effect called bracket creep.
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And devaluation-induced competitiveness would be ephemeral as inflation ravaged a restored drachma.
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With no risk of inflation or liquidity-crisis-induced market crashes, partial privatization of Social Security might eventually become feasible.
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