Wednesday, March 19, 2008

The Fed's New Tricks Are Creating Disaster - Frank Shostak - Mises Institute

Frank Shostak writes, "The engine of economic growth is not money, however, but real savings. If the pool of real saving is declining or stagnating, then the economy -- also in terms of GDP -- will follow suit, irrespective of what the Fed is doing."

The Fed's New Tricks Are Creating Disaster - Frank Shostak - Mises Institute

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