If credit expansion, protectionism, and government spending were a path to prosperity, mankind would have long ago created heaven on earth. Llewellyn Rockwell More Quotes by Llewellyn Rockwell More Quotes From Llewellyn Rockwell It is not caving in to the bees to stop poking a stick into their hive. Llewellyn Rockwell hives sticks bees The Fed is pushing a variety of workarounds that would inject trillions in new money into the economy while bypassing the banking system altogether. Time will tell whether or not this will succeed. Meanwhile, a serious danger lurks around the corner. Once the recession is over, the lending will start again. With fractional-reserve banking and limitless supplies of cash on hand, we will likely see the overall price trends reversed, from deflation to inflation to possible hyperinflation. Llewellyn Rockwell cash banking hands
