Allan H. Meltzer on Hyperinflation
Accuracy in Academia, November 9, 2009
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“The only way in which banking has changed after doing away with the Gold Standard is that hyperinflation got worse.”

— Allan H. Meltzer, a professor of political economy at Carnegie Mellon University, speaking @ the American Enterprise Institute on October 28, 2009.

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The same type of “Accuracy Crisis” exists in the main stream media and among journalists, just as it does in academia.
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