Archive for November 28, 2014

[The following post is by TDV Editor-In-Chief, Jeff Berwick]

Some people like to say that money is the root of all evil.  If by "money" they mean fiat currencies printed up at will by central banks they are correct.

Yet "experts" say central banks promote stability. It is practically baked into the Keynesian cake. When you search for central banks and stability, many telling reports and quotations pop up. There is an entire report by the Bank For International Settlements (the central banks' bank) on the topic. The International Monetary Fund, as well, promotes the idea that central banks promote stability.

But let's look at this stability they are talking about.