Inflation, Then Depression

“In a fiat money system, inflation is always a political decision. It is not the outcome of proper economic policy. It is the last refuge of political cowards. It will not improve matters. Ultimately it will wipe out the middle class by destroying their savings. Then a Depression will occur, one which the population will be in substantially worse shape entering than the one in the 1930s…”

Read More

This entry was posted in Commentary & Analysis. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s