Paul Krugman is Insane by Richard Daughty

Let Them Inflate by Richard Daughty

I say this with such obvious disrespect because Mr. Krugman is on record has having advised the Bank of Japan to purposely cause inflation, as, “The way to make monetary policy effective is for the central bank to credibly promise to be irresponsible – to make a persuasive case that it will permit inflation to occur, thereby producing the negative real interest rates the economy needs,” although he never actually says where he is going to find guys stupid enough to loan money at negative interest rates, or in what bizarre alternate universe he lives where high inflation in consumer prices, particularly sustained high inflation, is anything other than a total disaster, which is why most of economics is concerned with the problem of preventing inflation while fostering growth!

Read the rest here:

Let Them Inflate by Richard Daughty

This entry was posted in Banking, Disaster, Economics, Globalism, Government, Money, News, Parapolitics and tagged , , , , , , . Bookmark the permalink.

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