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Monday, June 28, 2010

The Daily Socialist - 6/28/10

The Fed’s expanding the money supply adds nothing to wealth.


Quote:

The more I read Paul Krugman’s columns and papers, the more I realize just how great the gulf is between Austrian and Keynesian thought. It is impossible to sum up all of the differences between the two camps, but I do think that perhaps the disparities can be summed up in the Austrian rejection of Keynes’ famous 1943 statement that expansion of credit by the central bank will create a

Posted by Thomas E. Brewton on 06/28 at 12:04 PM
Economics • (1) Comments
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