The last three months have seen an increase of $636.7 billion which is equivalent to the increase of the previous eighteen years!
On November 21, 2002, Governor Ben Bernanke made the infamous remark which earned him the nickname "Helicopter Ben" when he responded why deflation need never be an issue for the US economy (link here ).
"U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost." (Ben Bernanke before the National Economists Club in Washington, D.C. - November 21, 2002)
BULLSCRAPS, 2BIG 2FAIL , GANG-BANKSTERS T-Shirt
13 years ago
No comments:
Post a Comment