Argentina’s Central Bank President Says Printing Money Doesn’t Cause Inflation

My Two Cents:  This is a bit dated but it pretty much sums up why the world is doomed.  From the MercoPress…

Key quotes: The banker added that “it is totally false to say that printing more money generates inflation, price increases are generated by other phenomena like supply and external sector’s behaviour.”

“We’re recovering the sovereign capacity to formulate and implement economic policy”, said Marcó del Pont who anticipated some pictures will be coming down from the bank’s hall of fame “beginning with Milton Friedman.”

Read more here

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