Printing Money and Inflation

Money makes the world go round but money is not the same thing as currency. I received a very interesting newsletter from Stephen Johnston at AGCapita in Calgary Alberta. Mr Johnston argues against the traditional Keynesian view that printing money (now called Quantative Easing) generates growth. Those of you who have read my posts about the economy will recall that I concluded that QE will lead to inflation and will create a problem rather than a solution. Mr Johnston has argued this more succinctly than me and with more force.  Continue reading