Thought For the Day: Central Bankers Always Try To Avoid Their Last Big Mistake. So Every Time There’s the Threat of A Contraction In the Economy, They’ll Over Stimulate the Economy

“Central bankers always try to avoid their last big mistake. So every time there’s the threat of a contraction in the economy, they’ll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.” – Milton Friedman (1912-2006)

About alohapromisesforever

Writer, poet, musician, surfer, father of two princesses.
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