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You've got it exactly right. There's even a term for such "excess liquidity" that everybody knows: inflation. The Fed Funds Rate is supposed to rein in this kin
by mustpax 17y ago
You've got it exactly right. There's even a term for such "excess liquidity" that everybody knows: inflation. The Fed Funds Rate is supposed to rein in this kind of behavior, but I wouldn't hold my breath for the next couple months.
- yummyfajitas 17y agoI've discovered a great hedge against inflation: consumption. Right now is the perfect time to blow your savings on a great vacation. I just returned from Egypt, India is next.