Doug Noland defends his thesis that while price inflation has not shown up in the broader economy, inflationary monetary policies from the FED have stoked asset inflation, and market and financial bubbles. If the old economic law which states that "there is no such thing as a free lunch" is true, then someone is paying for every dollar of the cheap money party that the FED has thrown for the financial and public sector.
The Prudent Bear: Latent Market Bubble Risks:: www.prudentbear.com/2013/06/latent-market-bubble-r...xiDYU
https://chumly.com/n/1d62373
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