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Examples
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It does not prevent government debt issuance--historically, governments favored gold standard systems because they make issuing debt easier--although it does prevent printing-press finance of government expenditures.
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It does not prevent government debt issuance--historically, governments favored gold standard systems because they make issuing debt easier--although it does prevent printing-press finance of government expenditures.
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With monetarist ideas just beginning to enter mainstream British political discourse, the Havenstein of "When Money Dies" — a printing-press banker supposedly unaware of the connection between soaring inflation and roaring money supply — made a useful villain.
A Flock of Black Swans Andrew Stuttaford 2010
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The real problem is not with the Fed and its freedom of the (money) printing-press, but with the basic cause of the recession namely the speculation in land values.
Our Out-of-Whack Economy and the Happy Talk Propagandists 2009
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The current head of the Philadelphia fed bank, Charles Plosser, disagrees with Bernanke's strategy of the endless printing-press and ever-increasing fed balance sheet:
High-Level Fed Officials Slam Government Response to Crisis 2009
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Well, given that no developed nation – with the very unusual exception of Japan – has dared for decades to adopt the printing-press solution to government deficits, there are no clear historic guides to how any adjustment process will work.
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Well, given that no developed nation – with the very unusual exception of Japan – has dared for decades to adopt the printing-press solution to government deficits, there are no clear historic guides to how any adjustment process will work.
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The real problem is not with the Fed and its freedom of the (money) printing-press, but with the basic cause of the recession namely the speculation in land values.
Our Out-of-Whack Economy and the Happy Talk Propagandists 2009
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Price inflation results either when the supply of money goes up but the supply of goods doesn't, or when speculators devalue currencies by massive short selling, as in those cases of Latin American hyperinflation when printing-press money was used to pay off foreign debt.
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The current head of the Philadelphia fed bank, Charles Plosser, disagrees with Bernanke's strategy of the endless printing-press and ever-increasing fed balance sheet:
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