Trump Steps Up Attacks on Fed Chairman Jerome Powell
Oct 24, 2018 1:09:30 GMT
stcks and icemandios like this
Post by Deleted on Oct 24, 2018 1:09:30 GMT
www.wsj.com/articles/trump-steps-up-attacks-on-fed-chairman-jerome-powell-1540338090
DJT on this one is right. There is no inflation, and only troglodytes think growth is inflationary.
Read David Ricardo's Theory of Rent to understand the dynamics of monetary supply and demand, or J B Say, or Leon Walras (throw David Hume in there for those who do not read economicsspeak): money is a proxy for output and so long as output growth exceeds money supply growth the currency is stabilized and strong.
As the wise will tell you: the Fed has caused every recession and never stopped inflation. Since 1971 the dollar has lost more than 70% of its value-- i.e., has undergone inflationary destruction.
All while the Fed was running the money supply.
DJT on this one is right. There is no inflation, and only troglodytes think growth is inflationary.
Read David Ricardo's Theory of Rent to understand the dynamics of monetary supply and demand, or J B Say, or Leon Walras (throw David Hume in there for those who do not read economicsspeak): money is a proxy for output and so long as output growth exceeds money supply growth the currency is stabilized and strong.
As the wise will tell you: the Fed has caused every recession and never stopped inflation. Since 1971 the dollar has lost more than 70% of its value-- i.e., has undergone inflationary destruction.
All while the Fed was running the money supply.
