Wednesday, September 18, 2013

09/18/2013 If they never taper QE...

Just for giggles, I calculated what would happen to the total U.S. money supply if they never tapered from the 85 billion per month, and compared it to their "normal" target of 2% annual inflation.

The question is, exactly how long would it take for QE to "taper" itself.

Not too long at all... in geologic terms... We'd hit equilibrium around the year 2229: