Unsound Money, Unsound Economy

“Central bankers like Alan Greenspan seem to think central bankers can be trusted to act with restraint. That’s a risky plan, especially given that true and reliable constraints could be put on the money supply by adopting commodity money.

The Bernanke solution to the crisis, as the world witnessed, was even more aggressive money printing, creating staggering levels of debt and moral hazard, so that today financial pundits are predicting another crisis, likely worse than the last.