Monthly Archives: March 2021
Notable Quotable
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“The logic that Modern Monetary Theory, for example, with its academic aura and blissful projections of deficits without tears (and money creation sansinflation) has slowly left the fringe of economics and entered its forefront as a sound, indeed ‘logical’ new path forward. Equally, ‘logical’ are the titles given to such popular policies as ‘Yield Curve Control’ or ‘Quantitative Easing,’ which, as many of us already understand, are just clever, even logically titled concepts masking the far more pernicious reality of extreme debt expansion supported by extreme money creation which leads logically to extreme currency debasement.”
Matthew Piepenberg
Gold Switzerland
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Notable Quotable
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“For we have reached a critical point. In a sense, it is true that the mists are lifting. We can, at least, see clearly the gulf to which our present path is leading. Few of us doubt that we must, without much more delay, find an effective means to raise world prices; or we must expect the progressive breakdown of the existing structure of contract and instruments of indebtedness, accompanied by the utter discredit of orthodox leadership in finance and government, with what outcome we cannot predict.”
John Maynard Keynes
The Means to Prosperity (1933)
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