'Nonetheless, interventionism and inflationism continue to be as popular as ever with the statism supporting economic mainstream and central banks continue to implement it.'<blockquote>'As we have recently noted in these pages, it was our expectation that the advice of the currency debasers that rule today's economic orthodoxy would once again prevail, despite the reams of both theoretical and empirical evidence arrayed against it. This ongoing war on savers will end up doing incalculable economic damage in addition to the damage it has already wrought..
..
So when someone like Martin Wolf, Adam Posen or Charles Evans says 'we need more inflation to fix the economy', they should be required to show by means of logical ratiocination in what way their idea is superior to the devastating debunking of inflationist theories better economists have provided us with a long time ago already. When Ludwig von Mises published '
The Theory of Money and Credit' in 1912, it was the culmination of a century of debates on the topic and should have forever laid pro-inflation arguments to rest.
Nonetheless, interventionism and inflationism continue to be as popular as ever with the statism supporting economic mainstream and central banks continue to implement it.
..
The UK is well on its way to lower its standard of living dramatically and if these policies are not revised, quite possibly permanently.
The lunatics are running the asylum.'
- Acting Man,
The ECB and BoE Decisions – Monetary Pumping Resumes, October 7th, 2011</blockquote>
Context<blockquote>
'Ethical problems of production .. the production of money.'(Money production) - '..there are No "Miracle" Cures from Inflation.''..the Europeans had a tendency to betray their own ideals.' - '..a “monster” or “legal aberration,”..'</blockquote>