16 February, 2009

Marc Faber on Monetary Policy

"We have different economic schools, we have the Austrian School, the Rational Expectations School, and the Monetary School and so forth. In the US we have a totally new School and its called the Zimbabwe School. Its founded by one of the great leaders of this world, Mr. Robert Mugabe, that has managed to totally impoverish his country. That is the monetary policy the United States is persuing. If something goes wrong, you print money, if it does not get fixed you print even more money" Marc FABER