Comments on: Poison In Your Medicine Cabinet?

By: JST Books

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By: Order HON File Cabinet Keys

Order HON File Cabinet Keys — Thu, 01 Jul 2010 17:34:21 +0000

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By: file_cabinet_key

file_cabinet_key — Wed, 21 Oct 2009 13:59:56 +0000

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By: file_cabinet_key

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By: juan batista

juan batista — Sat, 01 Aug 2009 15:35:51 +0000

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By: Affacturage

Affacturage — Sat, 11 Jul 2009 09:36:28 +0000

The argument that the US suffered violent economic cycles in the laissez faire markets of the nineteenth and early twentieth centuries from which we have been spared by the wise actions of the Fed and counter cyclical federal spending is demolished in two ways. First, these periods were characterized by frequent overzealous lending of fiat money, sometimes by private banks, sometimes by banks set up by the government, and it doesn’t matter who creates the bogus money. Second, much of the economic history of the period is stated in terms of nominal dollars, and in some periods, when the money was actually stable while production increased, nominal prices fell, as they must