Would that be the same "Keynesian economics [that] doesn't work" that's saved us from a re-run of the 1930s depression by any chance? Funny thing, last time I looked, prices in Britain and the US were falling, so where's the 'hyperinflation' then?No, it's not the subprime issue. That lowered property values and made the dollar stronger at least when it came to buying real estate. The problem with the dollar is out of control deficit spending. To finance that spending the current US government is offering bonds that no one wants to buy so it just prints the money to buy them itself. This leads to hyper-inflation and a very weak dollar. It is just the real world proving once again that Keynesian economics doesn't work.
William
Isn't 'free market economics' marvellous!

Paul