A Conspiracy Of Counterfeiters

September 2011
Human Events;9/5/2011, Vol. 67 Issue 31, p28
The author discusses the attempts of economists to urge inflation in the U.S. economy. He cites a Leninist principle that capitalism can be effectively destroyed by a debauchery of the currency. He names former International Monetary Fund (IMF) chief economist Kenneth Rogoff and Nobel Prize winner Paul Krugman as the proponents of setting a 5 to 6 percent inflation target. The author credits Texas Governor Rick Perry for restraining the Federal Reserve's attempt to induce inflation.


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