The World According to Monsanto

Milton Friedman – Free to Choose (PBS, 1980)

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Bernanke shows his hand, he’s got nothing

After throwing rates off a cliff he’s now complaining about a weak dollar — are you kidding me? Despite rattling a few speculators it barely budged the broader commodities market. You can’t talk down inflation and you can’t talk up the dollar. Inflation is not and has never been a psychological phenomenon, it is and has always been a monetary phenomenon.

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