Fróðleiksmoli um Kreppuna miklu

"[I]n the Great Depression deflation was not allowed to complete its work. The Fed inflated the economy after deflation had destroyed a great number of banks, reducing their total number to some 15,000—roughly the level prevailing in 1900. These select few, protected by federal deposit insurance, then surfed on the Fed-created inflation and expanded their total assets from 51.4 billion in 1933 to 242.6 billion dollars in 1957."

- Deflation and Liberty eftir Jörg Guido Hülsmann 

Hver segir svo að ríkiseinokun á gjaldmiðlaútgáfu sé góð hugmynd? Að vísu nær allir, en nær öllum væri nær að hugsa sinn gang örlítið. 

Athugasemdir

[Sigurgeir Orri Sigurgeirsson, 8.11.2008 kl. 21:25]

Svakalegt.