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I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten. ↗
When I was a child I asked my mother what homosexuality was about and she said - and this was 100 years ago in Germany and she was very open-minded - 'It's like hair color. It's nothing. Some people are blond and some people have dark hair. It's not a subject.' This was a very healthy attitude. ↗
