Ludwig von Mises Institute
by Frank Shostak
Posted in
Commentary "The fact that economic activity is currently not responding to massive monetary pumping, as in the past, indicates that prolonged reckless monetary policies have severely damaged the economy’s ability to generate real wealth. So contrary to Friedman, we maintain that money matters very much. However, contrary to mainstream thinking, an increase in money supply does not grow, but rather destroys the economy." (02/08/13)
http://tinyurl.com/auelo4k
Fed’s policies expose mainstream fallacies
by Frank Shostak
Posted in Commentary
"The fact that economic activity is currently not responding to massive monetary pumping, as in the past, indicates that prolonged reckless monetary policies have severely damaged the economy’s ability to generate real wealth. So contrary to Friedman, we maintain that money matters very much. However, contrary to mainstream thinking, an increase in money supply does not grow, but rather destroys the economy." (02/08/13)
http://tinyurl.com/auelo4k