Deficit spending and the 'coercion-backed greenback' with Edward Harrison
Welcome to Capital Account. US consumer prices rose in August at their highest rate in three years. The Consumer Price Index increased 0.6 percent, with gasoline prices accounting for 80 percent of the spike. But should we even believe the government's statistics? And how does QE fit into the inflation calculus, as central banks try to re-inflate asset prices? Marc Faber, publisher of the 'Gloom Boom & Doom' newsletter, lays out his predictions of a coming deflationary collapse. We'll play the second part of our interview with him yesterday in the second half of the show.