moonbat1775

The White Elephant That Could Destroy Your Portfolio, Part I

jcrash,

What I should have said is that if we have a depression or hyperinflation or stagflation let's know who is to blame. But strictly speaking, central banking is responsible for a lot of misery. WWII for instance was caused by the Great Depression. Here is what Uncle Ben has to say about that:

"I would like to say to Milton [Friedman] and Anna [Jacobson Schwartz] regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again."

50 million people were killed in WWII.