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Allan H. Meltzer on Hyperinflation

Posted By Accuracy in Academia On November 9, 2009 @ 12:32 pm In Current Wisdom | No Comments

“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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