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Sunday, October 12, 2014

Too Much Money, Too Little Growth

Steve Forbes provides a timely summation:

Money Is Not Wealth—But It Helps Create Wealth

Quote:

“Money measures wealth; it is not wealth itself. It is a claim on products and services that people have created. That’s why counterfeiting is illegal; it’s thievery. But when government does this, it’s called quantitative easing, or stimulus.”