Leaping toward the Keynesian Dream

posted by
December 1, 2011
Whiskey and Gunpowder
by Jeffrey Tucker  
Posted in Commentary

"The Fed’s latest inflationary scheme sounds like a technocratic innovation. It lowered the costs of currency swaps between central banks of the world, with the idea that the Fed would do for the globe what Europe, England and China are too shy to do, which is run the printing presses 24/7 to bail out failing institutions and economies. In effect, the Fed has promised to be the lender of last resort for the entire global economy." (11/30/11)


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