Wednesday, January 23, 2013

Krugman’s Trillion Dollar Coin Is Not Real Wealth

Ron Paul reports:
If governments or central banks really can create wealth simply by creating money, why does poverty exist anywhere on earth? Why haven’t successive rounds of quantitative easing by the US Fed solved our economic recession? And if Fed money creation really works, and doesn’t create inflation, why haven’t Americans gotten richer as the money supply has grown?
Just a reminder.