Wednesday, October 27, 2010

China official: dollar printing causing inflation

Dollar printing causes inflation? The rhetoric has convinced many that dollar printing (quantitative easing) produces economic growth. History sides with the former.

Out-of-control printing of the U.S. dollar is forcing inflation on China, pushing up prices for commodities and labor, trade minister Chen Deming says in an escalation of rhetoric over currency and other tensions ahead of key international meetings.

Source: finance.yahoo.com

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