Mises Wire
Author:
George Ford Smith
Online Publish Date:
of Great Society redistribution programs and an inflationary monetary policy designed to offset the cost of those programs. —Brian Wesbury and Robert as a way of increasing gross domestic product, or making the price of exports more competitive, or stabilizing the price level. Paper money changed all that. People view of the Fed as “a cartelizing device that limits entry into and regulates competition within the lucrative fractional-reserve banking industry and stands ready