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Which is Worse- Easy Money or Public Debt?

Contrary to the popular way of thinking, the threat to the US economy is not the high level of debt but loose monetary policies that undermine the pool of savings and the wealth-generation process. Hence, the fall in the money stock that precedes price deflation and an economic slump is actually triggered by the previous loose monetary policies and not by the liquidation of debt.

Which is Worse- Easy Money or Public Debt? Read More »

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