Inflationary History
May 19th, 2008 | By Adrian Ash | Category: Currencies, Macro Economics
“We can pay anybody by running a printing press,” said Thomas Gale Moore, one of Ronald Reagan’s economic advisors, when the United States became a net debtor to its foreign investors in 1986.
“Frankly, it’s not clear to me how bad [being a net debtor] is,” he added. And for the ...read more
