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  1. G&MMeanwhile, our money supply (however measured) has increased by 30% to 50% over the past four years. (Statscan) IOW, the Bank of Canada has printed tons of new cash in the past few years and inflation is still non-existent. (I won't even bother to post links to US data but I feel confident that they would support my argument.) Then again, why not: 16 Nov 2011IOW, the US Fed has printed trillions of new dollars, given them to Obama and he spent them. Yet, what is the US inflation rate? Bloomberg----- The meme of the North American Right (to pick a few examples: Harper, Steyn, Krauthammer, NRO, SDA, Coyne. Terence Corcoran, even me etc) would have us believe that printing too much money leads to inflation, and having too much government debt leads to oblivion. (In general, I suspect that the North American Right believes government can do little good, and it certainly can't deliver "free lunches".) Well, it's been four years now of printing mad money, and there's still no inflation.
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