Saturday, March 10, 2012

MORE SUBTLE FED ACTION COMING?

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” Do the Keynesians ever deeply, seriously contemplate perhaps Keynes’ greatest - and certainly most pertinent - monetary insight?
http://prudentbear.com/index.php/creditbubblebulletinview?art_id=10640

2 comments:

Anonymous said...

Can you update us on BDI ?

Marc R said...

YES