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(The Year 2012 In Review)
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|User Info||Snatching Defeat From The Jaws Of Victory; entered at 2012-03-14 13:18:55|
Registered: 2008-09-24 New Jersey
"It's not money supply "per se"; the Fed mandate is in fact correct (regulation of money AND credit).|
The problem is that as soon as you allow unbridled issuance of credit with nothing behind it, no matter who does it, you're ****ed. "
So Gen, how does that jive with Still's fiat monetary policy (If, indeed, I was understanding his stated position on money issuance correctly). Genuinely confused.