“And the wild things roared their terrible roars and gnashed their terrible teeth and rolled their terrible eyes and showed their terrible claws.”
– Where the Wild Things Are
Inflation, and our fear of it, is a highly debated topic these days. It is worthy of attention given the role it plays in our economy. With our economy’s dependency on credit, the economic system needs to be concerned about the direction of interest rates and inflation.
Milton Friedman, a great economist, once said that “inflation is always and everywhere a monetary phenomenon.” The more money