The Fed

The Oracle admits that the printing of paper money is inflationary, but being a consistent proponent of expanding government, he constantly dismisses gold and proposals to return America to a gold standard.

The German hyperinflation was the result of a policy that considered the financing of government debt by an accelerating increase in the money stoc

Government-controlled fiat money is fraudulent money.

Former Federal Reserve Chairman Alan Greenspan tried to exonerate himself from the housing boom and bust. Even though more and more analysts are realizing that Greenspan’s low interest rates fueled the bubble, the ex-maestro himself uses statistics to defend his record.

"Liquidity was the cause of the crisis, and now excess liquidity is presented as its solution!"

Instead of facing the truth and permitting not only the malinvestments to fail, but a real recovery to take shape, Obama, Krugman, and their allies are insisting that all this "perpetual motion machine" known as an economy needs is a little more spending to lubricate the gears and send it on its merry way.

The correct road to recovery is the path to a "free and prosperous commonwealth."

Brad DeLong and Paul Krugman continue to mock the Austrian explanation for the business cycle, but their ridicule is based on their own deficient model of the economy's capital structure.

Contrary to Greenspan, we can conclude that it is not long-term rates as such that fueled the bubble but the loose monetary policy of the Fed.

Do we already have inflation in the pipeline? I think so.