The Undollar Digest

Money Good

Doug Noland, www.prudentbear.com, 04/09/2010
Instead of inflationism being recognized as the problem – the force behind the boom and unavoidable bust – more extreme inflationism is instead viewed as the solution. 
The long-standing U.S. national policy of promoting homeownership – and rising home prices – was fundamental to the perception of mortgage Credit “moneyness.”
The massive issuance [...]


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