With gasoline prices already well north of $4 a gallon, north state consumers and businesses are wary about what the months ahead will bring. Read more
The Daily Caller: Economic rebound in doubt as 10 percent of all US workers employed just ‘part-time’
Some experts think the U.S. economy will recover if left to its own devices, however, without targeted tax cuts or other governmental maneuvers. “Natural market forces will reverse the slump if allowed to proceed uninhibited,” Lu told TheDC. Read more
In a nutshell, Lu says tension in the Middle East may contribute to rising prices, but “the primary cause of the steady increase is monetary inflation — central banks creating new money.” Read more. . .
Other analysts are more wary of the administration being concerned about the cost of producing pennies in the first place. “The fact that the government can no longer afford to mint token coins economically using copper is a sure sign of monetary debasement run wild,” said Albert Lu, managing director Read more…