Adam Hamilton of ZealLLC.com reminds us that “Inflation is purely and exclusively a monetary phenomenon”, which doesn’t mean all that much by itself, but becomes much more horrifying when he adds that Money of Zero Maturity has been zooming. In case you were wondering, Money of Zero Maturity (MZM) is considered to be a reasonable proxy for watching the movement of M3…
June 3rd, 2008 | Mogambo Guru | 4 comments | Continued
