Mises Wire

Eavis Takes on the Fed

Eavis Takes on the Fed

Financial writer Peter Eavis forecasts the consequences of the torrents of inflation that central banks led by our own print-meister Alan Greenspan, have unleashed on the world economy. “The fast-declining dollar we see today is an early indicator of the reckoning that Fed Chairman Greenspan has long tried to forestall, using unsustainable measures. America will be the epicenter of the bust, because it is here that debt totals, as well as trade and fiscal deficits, have risen to historically delinquent levels.”

 

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