I am totally flabbergasted, NPR actually came right out and said the Fed just created $800 billion out of thin air. The threw in some fluff about them later taking it out of the economy later, in time to save the day, but I almost crashed my car when I heard that.
Ron Paul is still winning!
Go listen, especially at 3:32.
Here's the story. The have a link there to the audio.
This goes straight to the player at NPR and might not work.
MMT and the Price Controls That Never Happened
-
Without established exchange-ratios between a currency and goods, a
fiat-token cannot meaningfully serve as a unit of account because it has no
referent. T...
7 hours ago
No comments:
Post a Comment