“In a recent column, Nobel Prize winning economist Paul Krugman claimed that the government needs to have two important duties in finance. First, it must keep interest rates low; second, it must strictly regulate where the newly created money goes.
Now, as one who believes that government cannot simultaneously make water run downhill and uphill, I also believe that government lacks the proper tools to wildly inflate the currency and control the fallout. Unfortunately, the Great Minds of today think differently.” Read more.
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