In Fox television appearances, and in a March 3, 2009 article published on TheHill.com Dick Morris made the following claim: “In the past five months, according to the Federal Reserve Board, the money supply in the United States has increased by 271 percent.” [Emphasis added]. This highly inaccurate statement serves as the basis for Mr. Morris’s prediction that hyperinflation will coincide with economic recovery. (more…)
