The monetary tsunami is coming

posted by
August 31, 2011
Ludwig von Mises Institute
by Frank Shostak  
Posted in Commentary

"In his speech at Jackson Hole, Wyoming, on August 26, 2011, the Fed chairman disappointed most pundits. He did not promise another massive infusion of fake money, i.e., QE3. I suspect that a strengthening in bank lending is an important factor behind the Fed's decision to postpone the pushing of more money into the economy." (08/31/11)  

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