"We ask Jim Rickards of Tangent Capital Partners if this gives the FOMC more subjective leeway to ignore potential high short term price inflation. He explains that this gives the Fed the room to tell the public "inflation is what we say it is."
Plus, is it better to fuel exports through dollar devaluation or innovation and investment? If you think it's the latter, unfortunately US corporations cut an estimated 175 billion dollars in investment from 2009 -- 2011. According to the Wall Street Journal, the S&P considers this cut in investment unsustainable. We talk to Jim Rickards, author of "Currency Wars," about the best way to boost exports."
- Source RT Capital Account:
http://www.facebook.com/CapitalAccount
