McCotter on Fox Business Discussing Chairman Bernanke Testimony on Fed Exit Strategy

[crambo0349]

His point is silly in the sort run: The US government is MAKING money on its short term debt, because inflation over 10 years will almost certainly be greater than the current yield on 10 year T-bills. The 10 year T-bill's 1.375% today... What will inflation be over the next 10 years? Probably on average more like 3%.