Keynesianism – A One-Trick Pony

 credit, Fed, Inflation, Keynesian
Oct 182009
 

Another good column by Doug Noland. This one deals with the inflationists and their one-solution solution for all economic problems. Here is part of the commentary:

Inflationism doctrine is riddled with failings:  Easy Credit distorts system pricing mechanisms; foments destabilizing speculation; spurs societal wealth transfer; distorts the underlying economic structure; fosters financial fragility; and debases the currency – to name just a few.  History – including recent history – validates this analysis.

To read the full-piece, go here.

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