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The Maddening Financial Times: Inflation Is Our God and Bernanke is His Holy Prophet

Posted By admin On March 11, 2013 @ 11:13 am In Money Watch | Comments Disabled

Bill Anderson
Lew Rockwell Blog [1]
March 11, 2013

Henry Hazlitt absolutely was correct when he wrote inĀ Economics in One Lesson that every generation must learn anew the harsh lessons of seeking the inflation “cure.” The Financial Times covers Ben Bernanke with adulation [2] that would have made Caligula blush, claiming that the heroic “helicopter Ben” has saved the economy through inflation. Thus, he has not become “lawnmower Ben” who would be “shredding the green shoots of the recovery.”

Because the U.S. economy has not seen official double-digit inflation for more than 30 years, people forget the damage that inflation does, and how it does not bring about economic recovery, but eats it away. Unfortunately, the “top” economists in the world today all are calling for even more inflation and are dragging us into an even worse version of the unhappy 1970s when the economy lurched from inflationary booms to recessions.


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URL to article: http://www.prisonplanet.com/the-maddening-financial-times-inflation-is-our-god-and-bernanke-is-his-holy-prophet.html

URLs in this post:

[1] Lew Rockwell Blog: http://www.lewrockwell.com/blog/lewrw/archives/133650.html

[2] Financial Times covers Ben Bernanke with adulation: http://www.ft.com/cms/s/0/b586044e-874c-11e2-bde6-00144feabdc0.html#axzz2NErqxm2O

[3] John Paulson’s Scary Speech: Double Digit Inflation By 2012, Gold At $4,000: http://www.prisonplanet.com/john-paulsons-scary-speech-double-digit-inflation-by-2012-gold-at-4000.html

[4] Double Digit Inflation has Arrived: http://www.prisonplanet.com/double-digit-inflation-has-arrived.html

[5] Inflation Is Too Low? Are You Kidding Us Bernanke?: http://www.prisonplanet.com/inflation-is-too-low-are-you-kidding-us-bernanke.html

[6] Ben Bernanke: Economic Recovery May Not Be Self-Sustaining, May Buy More Bonds Depending On Inflation: http://www.prisonplanet.com/ben-bernanke-economic-recovery-may-not-be-self-sustaining-may-buy-more-bonds-depending-on-inflation.html

[7] Bernanke Asset Purchases Risk Unleashing 1970s Inflation Genie: http://www.prisonplanet.com/bernanke-asset-purchases-risk-unleashing-1970s-inflation-genie.html

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