November 3, 2010 Reading Time: < 1 minute

“It seems this Chairman of the Federal Reserve is of the belief that diluting the dollar is the cure for everything from a recession to male pattern baldness. But money printing can’t accomplish any of things that are necessary to rescue the economy. In fact, the one thing it does bring about (intractable inflation) will surely lead to our demise. So let’ list the five things Bernanke and the Obama administration should be doing to help heal America, instead of making us all poorer by crumbling the currency.” Read more.

“The Five Things Money Printing Can’t Do and the One Thing It Always Does”
Michael Pento
International Business Times, November 3, 2010.

Image by renjith krishnan / FreeDigitalPhotos.net.

Tom Duncan

Get notified of new articles from Tom Duncan and AIER.

Related Articles – Central Banking, Inflation, Monetary Policy, Sound Money Project, Unemployment