Can you explain the 'inflation-is-evil trap' to me?
I also don't believe Martenson describes it as 'evil' so much as 'subject to Governmental management', with the implication of 'and therefore, also mismanagement'.
He puts particular emphasis on how the Federal Reserve is run by the banks, and how the banks are in it for their own benefit, not the benefit of their customers, which particularly impacts American readers/viewers, but since the UK economy is pretty much tied to bigger hitters, it still bears some relevance.
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Date: 2011-11-01 12:13 pm (UTC)From:I also don't believe Martenson describes it as 'evil' so much as 'subject to Governmental management', with the implication of 'and therefore, also mismanagement'.
He puts particular emphasis on how the Federal Reserve is run by the banks, and how the banks are in it for their own benefit, not the benefit of their customers, which particularly impacts American readers/viewers, but since the UK economy is pretty much tied to bigger hitters, it still bears some relevance.