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(600 posts)
4. There is more under heaven and earth
Fri Oct 18, 2013, 12:50 PM
Oct 2013

than in his philosophy. Just off the top of my head, if debasing the currency always leads to inflation then we should be drowning in it considering that the fed has expanded the monetary base since 2009 by about a factor of three. However, due to being close to the zero lower bound has prevented the inflationary effects.

I love how these folks will make absolutist statements stringing together things that almost makes sense in a 'truthiness" way yet will deny what is directly observable.

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