The Multiplication of Money
February 28, 2010 by goldguru · Leave a Comment
By John Mauldin, GoldSeek The economy grew in the fourth quarter by 5.9%, the most in years. The adjusted monetary base is exploding. Bank reserves are literally through the roof. The Fed is flooding money into the system in an effort to get banks to lend. An historically normal response by banks (to increase lending) [...]
