You can take the boy out of the cult

Today’s quote of the Day comes forth from 94-year-old economist Paul Samuelson on Alan Greenspan:

But the trouble is that he had been an Ayn Rander. You can take the boy out of the cult but you can’t take the cult out of the boy.

Paul Samuelson

In the link below, Hoisington and Hunt suggest we will be dealing with deflation not inflation. The argument is counter-intuitive to what we hear on the news today.  Worth reading.  No really, it is worth reading.

Hoisington Management