He correctly notes the following:
- Way too many mainstream economists inconsistently oppose wage and price controls, but embrace Fed manipulation of interest rates.
- Printing unlimited amounts of money does not result in prosperity.
- Re-inflating the economy in response to an inflation-induced business cycle merely sows the seeds for another boom/bust cycle.
Control of the world’s economy has been placed in the hands of a banking cartel, which holds great danger for all of us. True prosperity requires sound money, increased productivity, and increased savings and investment. The world is awash in US dollars, and a currency crisis involving the world’s reserve currency would be an unprecedented catastrophe. No amount of monetary expansion can solve our current financial problems, but it can make those problems much worse.