It’s a good thing we’re not just printing money …

April 20, 2009
By

Take into account that this video was produced in December 2008.

httpv://www.youtube.com/watch?v=OV3k03FXwLk

At 3:07, here’s the best part:

“Before shifting from theory to evidence, we should quickly note that government could finance stimulus by printing money rather than borrowing. Thankfully, that option doesn’t seem to be on the table, since nearly all politicians now realize that it would be foolish to mimic the disastrous inflationary policies of basketcase economies such as Argentina and Zimbabwe. Looking now at th real-world evidence, it’s even more clear than Keynesianism is a failure.”

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