Reddit points to Marc Faber’s prediction of 2009 that we should be experiencing hyperinflation by now.
From talking with Shostak, Salerno, Murphy, and others, I think the answer is summed up in these charts. That is to say, it doesn’t matter how much the Fed fills the bank coffers if the banks aren’t lending money. The bitter irony is that economic “recovery” will mark the beginning of the inflationary disaster.
