In addition, factories are operating below capacity and euro zone unemployment is at 10 percent. Extra money in the system would not create scarcities of goods or labor that could drive up prices, Mr. Weinberg of High Frequency Economics said.

“You don’t have to pay any more to get those workers to come out of unemployment,” Mr. Weinberg said.

This topic will be addressed in a special session entitled Dean Baker, The Free Lunch Economist, in the upcoming America Speaks! town hall meetings sponsored by Pete Peterson, including the following presentations:

The End of Scarcity, Markets and Relative Prices

Everything is Free Except New Debt

Deflation Prevents Trickle Down by Concentrating the Future Value of Wealth


Stupid Liberals.

No inflation in sight?
The Euro has dropped 18% in 6 months against the Dollar, Chinese Yuan and Japanese Yen. Priced in Euros, a typical commodity index like the old CRB index is up over 10% in 6 months.

You don't really have to look to hard to find some inflation in plain sight.