Robert R. Prechter, Jr.

Robert Prechter is author of Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression. See his websites: socionomics.net and elliottwave.com.

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Jaguar Inflation

Money and BanksCapital and Interest TheoryValue and Exchange

02/19/2009Mises MediaRobert R. Prechter, Jr.

I am tired of hearing economists argue that government and the Fed should expand credit for the good of the economy. Sometimes an analogy clarifies a subject, so let's try one. It may sound crazy, but suppose the government were to decide that the health of the nation depends upon producing Jaguar...