The American Spectator : Obamaflation Update

The American Spectator : AmSpecBlog : Obamaflation Update:

Back in February, I wrote about how the unprecented level of debt being created to finance government spending would inevitably lead to inflation once demand for U.S. Treasury bonds subsided and the Fed was forced to print money to buy up the debt. With the market choking in debt, we're already starting to see an erosion in demand. In other words, the early stages of that process are underway, and sooner than I would have expected."