The Fed’s present crisis may make its 1929 version look like a walk in the park. Unfortunately, Ambrose Evans-Pritchard apparently advocates hyperinflation as a cure, but it’s still a fascinating article. BTW, when the Fed tried that in the early 1930s, it didn’t work: “Twenty billion dollars here, $20bn there, and a lush half-trillion from the European Central Bank at give-away rates for Christmas. Buckets of liquidity are being splashed over the North Atlantic banking system, so far with meagre or fleeting effects. “As the credit paralysis stretches through its fifth month, a chorus of economists has begun to warn … Continue reading Dr. Ron Paul, Call Your Office