Paul Krugman: Inflation Appears to Be Mostly a Myth, Transitory and Behind Us, as Long as You Remove Food, Energy, and Shelter

“Lenin was certainly right. 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.”
~John Maynard Keynes, 1919

“There is no means of avoiding the final collapse of a boom
brought about by credit expansion. The alternative is only
whether the crisis should come sooner as the result of
voluntary abandonment of further credit expansion, or later
as a final and total catastrophe of the currency system
involved.”
~Ludwig von Mises, 1929

“We can ignore reality, but we cannot ignore the consequences
of ignoring reality.”
~Ayn Rand

We are primarily funded by readers. Please subscribe and donate to support us!

Gas Gas Gas Inflation Meme


h/t dr0id

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.