"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. "Can the Government Regulate Inflation?" William L. Anderson The Freeman, April 14, 2010. Via the Foundation for Economic Education. Image by Salvatore Vuono / FreeDigitalPhotos.net.