"In the Incarnation the whole human race recovers the dignity of the image of God. Thereafter, any attack, even on the least of men, is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all. Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind."
Dietrich Bonhoeffer
It will be interesting to see how the lagged effects of this begin to exhibit in the broader monetary supply measures over time.
Recall that after each of these spikes in the adjusted monetary base there was a resultant bubble in techs and then in housing. Will there be another bubble? Where will it be?
And the presses go rolling along....
