Real Bills Versus Bernanke’s Risible Algebra

Two of this era’s most notorious Keynesian economy-wreckers—Ben Bernanke of the Fed and Olivier Blanchard, former chief economist of the IMF—have published a new algebra paper that addresses a question that Milton Friedman definitively answered long ago, when he averred that— “Inflation is everywhere and always a monetary phenomenon” But now having recently experienced that […]