Money and Banks

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Robert P. Murphy

The CBO‘s forecasting restrictions prevent it from predicting an inflationary debt crisis, despite rising US debt and deficits. This limitation hinders proactive policy-making, risking economic instability.

Madhusudan Raj

Twentieth and twenty-first century monetary history shows us how our government, step-by-step, removed the monetary gold standard and introduced their fiat paper currency dollar to fund their increasing political power.

Frank Shostak

Monetarists have long believed that the Fed should pursue policies of low inflation in order to counter the effects of lower prices through enhanced productivity. Thus, they reason, overall prices will remain stable. Such policies actually promote economic instability.

Frank Shostak

Monetarists and rational expectations economists believe that if monetary policy is transparent, then increases in the money supply will not have negative effects. The actual results say otherwise, as introducing new money into the economy leads to economic instability.