Saturday, January 21, 2012

Kinsley: Inflation a Threat

Michael Kinsley writes for Bloomberg that he's concerned about inflation, and backs up his argument. For several years I've suspected that the only way out of the mountain of federal debt was to print money, that is, to reduce its value.

If inflation happens I should have in my portfolio assets whose prices would rise as the dollar's value drops, protecting me against inflation. Examples: property, gold, commodities, maybe equities.

Caveat: I am not an investment counselor. I have not suggested what you should do.