Mises Daily
Author:
Anthony Wile
Joseph T. Salerno
Online Publish Date:
essay challenges Timberlake’s claims that the Fed pursued a deflationary monetary policy throughout the 1930s and that this policy was responsible for prolonging the his fame as the monetary “Maestro,” as a clueless and dangerous inflationist whose policies were driving the US economy toward an economic disaster. DB: Where can your or silver or both. DB : Is the best money system simply one that allows for money-competition? JS : Absolutely. The production of the money commodity, its