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I suspect the only reason the main economy is 'expanding' is the Fed keeps printing more greenbacks.
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We are in a period of historically low interest rates. The Fed, through control of the Fed Funds rate and reserve requirements, has been expanding the money supply dramatically.
And yet we have NOT seen inflation as a result. (Commodity prices aren't included in the definition)
Somebody smarter than me suggested that this is due to offshoring of jobs putting a cap on wages domestically, preventing inflation from occurring at home.
Either way, the Fed's been standing on the gas pedal of money supply expansion for a while now: look at the 10-year.
