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.