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David Chandler’s Journal of Java Web Development

  • David M. Chandler

    15-yr veteran of Web apps residing in Atlanta with the wife of my youth and our five children. My current project is ROA, a prayer list keeper written in GWT for AppEngine. In my "spare" time, I take pictures, preferably of Rocky Mountain National Park like the one above in which I am waving from The Keyhole.

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Why the Fed Can’t Save Us Now

Posted by David Chandler on September 17, 2008

From http://www.lewrockwell.com/rozeff/rozeff220.html:

The Fed cannot create value. Causation runs from sound assets to sound credit. Causation does not run from credit creation to sound assets.

If you’ve never heard of Lew Rockwell or Austrian economics, now would be a good time to start studying.

/dmc

This entry was posted on September 17, 2008 at 10:52 pm and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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