Monday, April 4, 2011

Flawed excuse to print money

Many economists claim there is a tradeoff between unemployment and inflation.  Hussman shows this is a totally flawed interpretation of some old data.  The original data showed that under a gold standard when labor was in short supply wages went up.  Economists have warped this into a claim that they have to print money or there will be unemployment.    Read Hussman and learn just how bad economists are today.