David Littmann, senior economist at the Mackinac Center, is cited in The Detroit News today in a story about rising gasoline prices.

The News reports that the Federal Reserve's recent announcement to buy $600 billion worth of government bonds "will force the value of an already weak dollar to plunge further."

Littmann said the "Fed's money-printing effort also runs the risk of sparking inflation, so Middle Eastern and other oil-producing countries are increasing dollar-priced oil as a hedge."

Stay Engaged

Receive our weekly emails!

Littmann is schedule to discuss the issue on "The Frank Beckmann Show" on WJR-AM760 at 9:35 a.m. today.


Related Articles:

Legacy Society Luncheon: The Morality of Capitalism

Metro Detroit Transit Tax Assumes Funding From State and Feds That May Never Come

Legacy Society

You'd Be In Big Trouble If You Spent Like Uncle Sam

An Opportunity to Improve School Funding Equity?

State Health Policy Toolkit