Please, defend them, exonerate them, but never forget they told the world that creating 10 trillions of dollars would not be inflationary or "transitory." Well, maybe they never read Bastiat or von Mises. They skip over that in Princeton, Cambridge, Yale, ad nauseum. That might be their defendable excuse.
Please, defend them, exonerate them, but never forget they told the world that creating 10 trillions of dollars would not be inflationary or "transitory." Well, maybe they never read Bastiat or von Mises. They skip over that in Princeton, Cambridge, Yale, ad nauseum. That might be their defendable excuse.