" can we talk about what happened in early 1920s? ben bernanke can't stop talking about the '30s. but in 1920, '21, the economy fell off the cliff. nominal gdp was down 29%, wholesale prices collapsed by 40%. you know how the fed and the treasury re acted to this, the treasury balanced the budget and the fed actually raised interestrates. guess what, the depression ended. we keep on hearing this propaganda stick drum beat assertion that in order to get us out of our sorrows, the authorities, the high and mighty ones, must run immense deficits,"
How do they know that, Grant asks
I'm a genius,Ben the mother fcuker says look at my thesis......
Not one word about it all being for the banks, and
Maria is just a NYC girl who Can't Understand Normal Thinking
I don't miss CNBC at all
Grant is spot on, but misses in not saying who it benefits |
