Cliff Küle's Notes:

Cliff Küle's Notes Reflections on our world & its money (The Great Confidence Game)

May 26th 2013, 01:15 Drowning in a Liquidity Trap? Austrian School Economist Frank Shostak explains how the Federal Reserve's massive money printing has not resulted in wealth generation & economic development .. emphasizes the process of real wealth generation has been severely damaged by the Federal Reserve's loose monetary policies .. if wealth formation is being impaired, less lending can be done - this fact explains why all the pumping by the Federal Reserve has ended up stacked in the banking system .. contrary to popular thinking, an increase in government spending cannot revive the process of wealth generation, but on the contrary it can only make things much worse .. "What is needed to get the economy going is to close all loopholes for money creation and drastically curtail government outlays. This will leave a greater amount of wealth in the hands of wealth generators and will boost their ability to grow the economy." LINK HERE to the essay

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions