Mises Daily
Author:
Sean Corrigan
Online Publish Date:
The Keynesians are claiming that we have nothing to worry about because there can be no inflation within a recession. The monetarists, meanwhile, say we must fight deflation and flood the market with liquidity to avoid the mistakes of the 1930s. Greenspan is telling us to “Pick a card, any card,” or whatever hucksterism he is now employing to keep