This Unprecedented Monetary Experiment Will End Very Badly
KingWorldNews.com
August 29, 2014
Today King World News is featuring a piece by a man whose recently released masterpiece has been praised around the world, and also recognized as some of the most unique work in the gold market. Below is the latest exclusive KWN piece by Ronald-Peter Stoferle of Incrementum AG out of Liechtenstein.
By Ronald-Peter Stoferle, Incrementum AG Liechtenstein
August 29 (King World News) – This Unprecedented Monetary Experiment Will End Very Badly
The monetary perpetuum mobile will lead to a major hangover
Not only the Austrian School of Economics regards inflation as a monetary phenomenon: the view of the “Chicago School” is much more widely known. Milton Friedman is the most important proponent of the neo-quantity theory of money. The quantity theory of money correlates the money supply with the price level and transactions in goods and services, which can, as a simplification, be assumed to consist of nominal GDP.
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