Mises Daily
Author:
Jeremie T.A. Rostan
Online Publish Date:
situation of “easy credit” without mentioning the monstrously inflationist policy of the Federal Reserve — which reached its climax in 2003 and 2004, when it the fault rests entirely on “foreign investors” willing to profit from the competitiveness of the US economy. Logically, the lengthening of the structure of their capital in hopeless ventures and loans. Because of fractional-reserves policies and the de facto international dollar standard, even the billions of units