Wednesday, November 30, 2011

Productivity versus Inflation

Denninger's Productivity vs. Inflation chart is worth a look.  Denninger calls it theft, and it is, but, as some of the comments point out, this is where there really are two Americas. 

There is the Productive America and the Parasite America.  Parasite America, including politicians, bureaucrats, corporate campfollowers, and welfare recipients, lives off the difference between increased productivity and central banking-induced inflation. 

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