The Undollar Digest

“Liquidationist” Revisited

Doug Noland, www.prudentbear.com, 05/07/2010
…“old timers” understood that the only way to return balance and monetary order to the system was through quashing speculation, financial excess and economic profligacy. And this view was much more based on the understanding of the inherent instability of Credit inflations than it was a “puritanical” judgment.
The “inflationists” would argue that [...]


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