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Crystal Ball or Creditcard Bill

July 15, 2009

One can not help but find what is perhaps the strangest news story of the day a bit prophetic. A man in north Texas received a $23 quadrillion Visa bill. The charge was made at a restaurant in Dallas. Obviously this was a computer error and this gentleman didn’t run up 200 times the national debt on his visa.

However in Weimar or Zimbabwe such a bill would not be seen as strange at all. Now I am by no means claiming that we are going to have Zimbabwe style inflation but I am fairly sure that consumers are going to be getting much larger bills in the future; thanks to Bernenke and his inflationist policies.

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