by admin
November 1, 2013 in Economics
The New York Times and news outlets around the world continue to push the idea that higher inflation (of prices) is what the global economy needs. It is suppose to help governments, businesses, households, and jobs. This is nonsense of course. I address this issue in this interview on the Butler on Business on Business Show this week. John Cochran addresses the issue on this blog as well.
Source: MISES INSTITUTE
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"A preventive war, to my mind, is an impossibility today. How could you have one if one of its features would be several cities lying in ruins, several cities where many, many thousands of people would be dead and injured and mangled, the transportation systems destroyed, sanitation implements and systems all gone? That isn't preventive war; that is war. I don't believe there is such a thing; and, frankly, I wouldn't even listen to anyone seriously that came in and talked about such a thing. ... It seems to me that when, by definition, a term is just ridiculous in itself, there is no use in going any further. There are all sorts of reasons, moral and political and everything else, against this theory, but it is so completely unthinkable in today's conditions that I thought it is no use to go any further." - Dwight D. Eisenhower News Conference of (11 August 1954)
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