Crony Capitalism: Banks Make Money By ‘Making Money’

Excellent article pointing out the ugly reality – that inflation is and always has been driven by money creation … not only by the Fed and other Central Banks … but even more so by the Big Banks in the US and around the world.

peoples trust toronto

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The chief economic propagandist for the New York Times, Paul Krugman, recently asked in his “Wonkish” opinion column: “The thing is, the Fed and other Central Banks still basically operate with an [incorrect inflation] framework. When will THEY adapt to reality?

The far better question is: “When will KRUGMAN adapt to reality?” This reality is that inflation is and always has been driven by money creation … not only by the Fed and other Central Banks … but even more so by the Big Banks in the US and around the world.

As fellow Economics Nobel Laureate, Milton Friedman, powerfully stated in his book Money Mischief:

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.

Australian “do…

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2 thoughts on “Crony Capitalism: Banks Make Money By ‘Making Money’

  1. “Make money by making money” to make wars for the need of more money to be loaned. What a concept! Fewer people left alive with even more money to share among survivors! The black plague had the same effect.

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