Milton Friedman – Free to Choose (PBS, 1980)
1 of 10 (click for the rest of this video) 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. |