Dr. Thorsten Polleit, Chief German Economist for Barclays Capital and Honorary Professor at the School of Finance & Management in Frankfurt gets it. In the online edition of the
Handelsblatt, a major German business newspaper, he writes that government-created ’fiat money’ is responsible for the current financial crisis.
His solution for the crisis is 100% Austrian. He proposes a return to the gold standard, as a first step. And, ultimately, free banking.
Kristian Niemietz has more details of his analysis and recommendations,
here.
No comments:
Post a Comment