From: | Joshua N Pritikin <jpritikin(at)pobox.com> |
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Date: | Mon, 17 Jan 2011 14:19:37 -0800 |
Subject: | Re: [WDDM] Economics and Change |
The current position of the Fed on inflation is exactly what you are
expounding.
Central banks currently say that their money is non-inflationary. Why?
All loans are "self-liquidating". All of them, fiat or non-fiat, gold
standard or salt standard. That is the nature of a loan.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=928752