Mises Wire
Author:
Peter Diekmeyer
Online Publish Date:
borrowing and money-printing at a pace that is faster than economic growth. The policies—camouflaged in terms like “fiscal stimulus,” “multiplier effect” and would invest in the US dollar, when government actions have made American monetary policy impossible to comprehend? One example suffices. As hard as it is to believe, statistics about the total money supply (M1 and M2 are only base estimates). Innovations such as fractional reserve banking, the financial stability board,