This is a must read op-ed piece in the Wall St Journal by James Grant writer of the Interest Rate Observor. It is brilliantly written and I agree with basically everything, the only question from an investing perspective is timing. He is in the inflation camp and rides my contention that if we do get inflation it will be of the devasting kind. That the medicine may truly be worse than the Illness
The world ran out of trust in 2008 -- but there is no shortage of money because the Fed is printing like mad. It's the wrong approach, with potentially dire consequences, says James Grant.