By marc FABER http://marcfaberblog.blogspot.com/2009/06/we-will-have-very-high-inflation-in.htmlLets break down the economic history of America in two periods. The first period , from 1800 to 1930, when the price level was stable and actually moderately falling. We had a deflationary boom in that period. The United States had 4 million people in 1800 and in 1910 it already had 90 million inhabitants. In this period we had the entire industrialization of the US, the construction of railroads, electricity, the first cars, the first airplanes and ...

Analyse Economique, Bourse / Eco