quinta-feira, janeiro 24, 2013

The Trillion Dollar Coin (3)

No seguimento de The Trillion Dollar Coin (2)


Ron Paul: Krugman's Trillion Dollar Coin is NOT Real Wealth

Krugman’s Trillion Dollar Coin Is Not Real Wealth:
.. just another variant of the endless stimulus proposals, which purport to create greater aggregate demand in the economy by creating more money. Whether this is done by the Fed or the Treasury is of little importance, as long as government is creating demand-side “growth,” however artificial.

But in just a few short sentences Professor Hans-Hermann Hoppe eviscerates the Krugmans of the world by pointing out the obvious: If governments or central banks really can create wealth simply by creating money, why does poverty exist anywhere on earth? ..

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