Wednesday, September 23, 2015

Money and Credit and Sustainable Growth (Roger Garrison)

This is a great talk by Roger Garrison on the Austrian school perspective on what the Fed really does and the fact that there are periods both genuine and Fed created growth. I hold that we are currently at the edge of a period of fed created growth. Only at the edge becasue of a slowdown in money growth this summer, which is in the process of currently reversing---which could result in an extension of the period of the Fed created growth.

There is no such thing as the Fed "running out of bullets."



  1. It just looks like a big house of cards to me. I know people have been saying that for decades and they just keep adding more cards.

  2. You don't even have to be an Austrian economist to see we have too much debt in this country.