Why are gold prices so high?

posted by
September 15, 2011
Ludwig von Mises Institute
by Robert P. Murphy  
Posted in Commentary

"Ever since Ben Bernanke began flooding the banking system with trillions of new dollars in the fall of 2008, economists and other pundits have disagreed on whether the US is in store for a grinding deflation or an accelerating inflation. Part of the disagreement stems from some people using the terms to refer to prices, whereas others refer to changes in the total quantity of money and credit." (09/15/11)


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