Thursday, November 17, 2011

McAlvany Weekly Commentary

Avoiding the “Certainty of Outcome” Trap


A Look At This Week’s Show:
-Is Italy too big to bail out? “Nothing is too big to bail if you’re willing to live with the consequences of inflation.”
-What if we have deflation? “Contrary to popular belief, 400 years of history shows us that gold does its best work during a deflation.”
-Political crises quagmire: Employ the poor at lower wages? Tax the rich? Or, stealthily inflate the middle-class out of existence? What would YOU do?

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