Marc Faber - Booms and Busts in American History

For the latest Marc Faber, go to http://MarcFaberBlog.com - There is a debate whether the United States will experience inflation or deflation in the next 5-10 years. We may actually have both. We may have a short period of deflation, followed by a period of inflation. If you look at the last 200 years of economic history, we had booms and busts. During this time though, there was no monetary inflation. What you would get is an increase in the price of some assets, and a decrease in the price of others. But Greenspan and Bernanke drove up the price of all asset classes.