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Learning finance: opposite schools of thought

By toon ketels - Posted on 13 February 2009

Robert Mugabe - human rights ad

“We have the Austrian school — the school of rational expectations, monetary schools. And in the U.S., we have a totally new school, and it’s called the Zimbabwae school. And it’s founded by one of the great leaders of this world, Mr. Robert Mugabe. He has managed to totally impoverish his own country. And that is the monetary policy the U.S. is pursuing. If something is going wrong, print. If it doesn’t get fixed print more. If it then goes even worse, print more.”

Quote Marc Faber

source: econoshock

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