Fed’s policies expose mainstream fallacies

posted by
February 10, 2013
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  

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