Friday, October 04, 2013

More on "QE"

Here's a quote on the subject by a prominent author that was sent to me after my comments last week about the irrational behavior of the Federal Reserve Board:

"As government printing presses and central banks inundate the marketplace with ever expanding supplies of money and credit, the tragic consequences are becoming much easier to see. It is increasingly difficult for politicians to explain away the economic upheaval, social disorder and general erosion of the moral and social fabric attendant on their policies. "

No, that wasn't written this year. That quote is from a book titled "Age of Inflation" by Dr. Hans Sennholz, circa 1979. The book should be required reading for everyone, especially idiots in government who spend taxpayers' money.

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