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but the last few times he predicted them years ahead of time.
This time, the only time he may be right, he's predicting it months after it happened.
http://www.lewrockwell.com/north/north683.html
And he under-cuts his newest friend. North & Mish had a bit of a love-in couple of months ago. Mish will love this ...
" Austrian School economists have been predicting this for years, but now we have the Federal Reserve on our side. We can look at the adjusted monetary base, and we can see what is going to happen. Unless the Federal Reserve System raises the reserve requirement, thereby undermining the profitability of the entire banking system, and thereby busting hundreds of banks, including some big ones, the adjusted monetary base is going to be translated into real money. That real money is going to get spent. When it gets spent, it is going to raise prices. "
This time, the only time he may be right, he's predicting it months after it happened.
http://www.lewrockwell.com/north/north683.html
And he under-cuts his newest friend. North & Mish had a bit of a love-in couple of months ago. Mish will love this ...
" Austrian School economists have been predicting this for years, but now we have the Federal Reserve on our side. We can look at the adjusted monetary base, and we can see what is going to happen. Unless the Federal Reserve System raises the reserve requirement, thereby undermining the profitability of the entire banking system, and thereby busting hundreds of banks, including some big ones, the adjusted monetary base is going to be translated into real money. That real money is going to get spent. When it gets spent, it is going to raise prices. "
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