In 1934, a propaganda movie was made, telling Americans, if inflation is created, the depression would end. We are seeing the exact same formula yet again. This childish belief that simply printing money will end the dire downward effects of the collapse of a credit bubble, is hard to dispel. I know from my own long life that when we try this, we get stagflation which has both the hell of a depression’s effects on stock markets and assets coupled with inflation in food and fuel.

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