Unfortunately still a Friedmanite concerning deflation,
Ambrose Pritchard-Evans has at least come around to the fact that the Fed serves not to "stabilize prices" but, as I
wrote last week on LewRockwell.com, the Fed is committed to
all inflation all the time. He has issued a
mea culpa of sorts and now says he wants to end the Fed! Speaking of, here's
THE book on the topic.
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