Saw this on Ritholtz's Big Picture Blog and it was too good not share (or keep for posterity). My thought is no, not in the long-run. Money printing may create the illusion of wealth in the short-term, but eventually that illusion (bubble) will be reconciled one way or another. Wealth, sustainable wealth, is created by what we all produce, not by how fast the Bernanke et al. can hit the return key on the keyboard.
No comments:
Post a Comment