src=http://cdn.content.compendiumblog.com/uploads/user/64f9471c-6a7f-4688-913f-4fb5fcd0a3d1/a3ba35ca-5643-4e56-91ac-ebd6b513335f/Image/bfdb52321612499ebd3e5836e8463024_w640.jpegChuck Butler of Everbank (no stranger to the wise investment of accumulating physical gold) in his The Daily Pfennig today captured it well this morning with his discussion about global central bank heads meeting in Jackson Hole, WY. I agree with this statement: I can't stop thinking about Big Ben and his speech today... I would have to think that the great Ludwig von Mises would be turning over in his grave at what Big Ben and his predecessor, Big Al Greenspan, have done... It was von Mises that observed that massive Central Bank Easing was invariably a form of cowardice that attempts to avoid the need to restructure debt or correct fiscal deficits, avoiding wiser but more difficult choices by destroying the value of the currency.

 

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