Answer to Ryan: Who Has Prospered from Debasement (via Modeled Behavior)

Inflation has an upside. Especially when you’re in a depression.

I have to take this one. Paul Ryan asks Name me a nation in history that has prospered by devaluing its currency. How about the United States See that turning point in 1933. There is a lot of dispute about what caused it but some people with a long interest in Monetary Policy have argued that it was Executive Order 6102. Drafted as follows. And announced to the public as follows Those of us who think recessions are caused by the hoarding of money … Read More

via  Modeled Behavior

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