Before there is any hasty attempt to print money and try to inflate our way out of trouble, here is a timely warning from that most misunderstood of economists - John Maynard Keynes.
"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
Monday, February 2, 2009
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