LewRockwell.com: “The Fed Is Wrecking the Dollar” by Joseph T. Salerno

“[worry about deflation]… has been promoted by many mainstream economists, most notably former Fed Chairman Greenspan and current Fed chairman Bernanke. But… The fear of falling prices is a phobia … which has no rational basis in economic theory or history.” Testimony by economics professor Joseph T. Salerno before the US House of Representatives, Committee on Financial Services, Subcommittee on Monetary Policy, March 17, 2011.

“[worry about deflation]… ┬áhas been promoted by many mainstream economists, most notably former Fed Chairman Greenspan and current Fed chairman Bernanke. But… The fear of falling prices is a phobia … which has no rational basis in economic theory or history.” Testimony by economics professor Joseph T. Salerno before the US House of Representatives, Committee on Financial Services, Subcommittee on Monetary Policy, March 17, 2011.

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