“The best way to destroy the capitalist system is to debauch the currency,” said Lord Keynes. Ben Bernanke disagrees. A student of the Depression, the Fed chair appears far more fearful of deflation—a vicious cycle of falling prices, debt defaults, home foreclosures and rising unemployment. Deflation is what America underwent in the 1930s. A Fed-created [...]
Filed under: Articles of Interest, Monetary Policy | Tagged: Buchanan, debasing dollar, Federal Reserve, monetary inflation | Leave a Comment »
