Debating inflation: Shilling vs Tamny

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In this video clip, Gary Shilling of A. Gary Shilling & Co. and John Tamny, editor of RealClearMarkets.com, debate inflation versus deflation. Shilling argues that a “speculative bubble” is driving up commodity prices, but Tamny regards that as “pure fantasy”. “When you see a broad spike in commodity prices that tells me it cannot be demand driven; that, in fact, it’s currency driven,” he said.

Source: Yahoo Finance – Tech Ticker, February 16, 2011.

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