Mises
Institute: C entral banks
keep increasing the money supply, and yet it looks like there’s still
confidence in those fiat currencies.
Thorsten
Polleit: Indeed.
Policymakers obviously succeeded in taking panic out of the markets and, at the
same time, creating the impression that their actions would“rescue” the
economies without causing inflation. Their propaganda turns out to be rather
successful.
MI: The
strategy that the central banks have been using in recent years appears to be
working so far.
Polleit: It clearly shows how far central banks’
manipulations can go to uphold the fiat money regime, which is actually a
“monetary Ponzi game.” However, one should be aware of the fact that without
severe market manipulations such as the suppressing of interest rates to
basically zero, and the printing of new money for propping up ailing banks and
governments, the fiat money system would presumably have collapsed already.....ToRead More....
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