Bernanke quote revisited

[Skip to the end]

“Under a paper-money system, a determined government can always generate higher spending and hence positive inflation.”

– Ben Bernanke

It also has to know which buttons to press.
QE and lower interest rates are not the buttons for that job.
The button is the budget deficit, and they seem categorically against pressing it due to deficit myths.

Any continuing shortage of agg demand and high unemployment is entirely self inflicted.


Latest Comments

Leave a Reply

Your email address will not be published. Required fields are marked *