- "A technology called Printing-Press" (by Ben Bernanke) - Eric, 22.04.2004, 19:20
- Re:"A technology called Printing-Press" (by Ben Bernanke) / Käse... - - Elli -, 22.04.2004, 19:37
- Re:"A... Printing-Press" (by Ben Bernanke) / Käse... / Zustimmung + Nachfrage - bernor, 22.04.2004, 22:04
- denkste, der hat quasi lebneslänglich bekommen - kingsolomon, 22.04.2004, 22:19
- Re:"A... Printing-Press" (by Ben Bernanke) / Käse... / Zustimmung + Nachfrage - bernor, 22.04.2004, 22:04
- Re:"A technology called Printing-Press" (by Ben Bernanke) / Käse... - - Elli -, 22.04.2004, 19:37
"A technology called Printing-Press" (by Ben Bernanke)
-->Erst kürzlich im dem Daily Reckoning zitiert,
steht hier der Link zum Fulltext der Fed vom 21.11.2002.
Ein Schmankerl:
What has this got to do with monetary policy? Like gold,
U.S. dollars have value only to the extent that they are strictly
limited in supply. But the U.S. government has a technology,
called a printing press (or, today, its electronic equivalent),
that allows it to produce as many U.S. dollars as it wishes at
essentially no cost. By increasing the number of U.S. dollars in
circulation, or even by credibly threatening to do so, the U.S.
government can also reduce the value of a dollar in terms of goods
and services, which is equivalent to raising the prices in dollars
of those goods and services. We conclude that, under a paper-money
system, a determined government can always generate higher spending
and hence positive inflation.
(...)
Ben S. Bernanke.
http://www.federalreserve.gov/boarddocs/speeches/2002/20021121/default.htm
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