Posts Tagged ‘ fiat currency ’

The Fed and the Money Supply

Aug 11th, 2008 | By Adrian Ash | Category: Currencies, Macro Economics
So Alan Greenspan — former chairman of the Federal Reserve — thinks this equals the Great Crash, if not out-bads it. “It’s getting increasingly evident that this is a once-in-a-century type of phenomenon,” he told the ever-fragrant Maria Bartiromo in an interview with CNBC this week, “not the standard type of ...read more

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Central Bank Mistakes

May 27th, 2008 | By Adrian Ash | Category: Macro Economics
When Albert Hofmann — the Swiss chemist who discovered LSD — passed away at the start of this month, newspaper editors the world over reported it as the death of the man “who experienced the first ever bad trip.” But Hofmann’s hallucinations seem little worse than most acid-induced visions. Or so ...read more

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