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Friday, February 18, 2011

THE BERNANKE PUT AND INSTABILITY IN COMMODITY MARKETS | PRAGMATIC CAPITALISM

Bernakanke thinks very strangely. He thinks that printing money will create jobs and wealth. Gee....where did he learn this ? Has any economy in all of mankind history has been successful doing this? Please tell me, then I can rest easy. My experience and knowledge of history is that wealth is created by savings (living below income), innovation (being more efficient). Not doing this destroys wealth and reduces living standards.
PUT AND INSTABILITY IN COMMODITY MARKETS PRAGMATIC CAPITALISM

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