Includes a web site of all the manners in which Powell taxes the middle class then lies about it. The main problem with the gold standard is socialism in the metals industry, it does not work.
In any event the kids learn why central backs have fouled up in the past and demand loss recognition otherwise the kids get stuck with the bill. If we would recognize this then we could default more carefully. Te abrupt Nixon Shocks happen due to the 'This time is different' syndrome. We need a 'This time is about the same as last time'.
In any event the kids learn why central backs have fouled up in the past and demand loss recognition otherwise the kids get stuck with the bill. If we would recognize this then we could default more carefully. Te abrupt Nixon Shocks happen due to the 'This time is different' syndrome. We need a 'This time is about the same as last time'.
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