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Alasdair Macleod: The unstoppable growth of the U.S. money supply
11:23a ET Saturday, September 28, 2013
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod writes today that to keep increasing the money supply, "quantitative easing" isn't necessary -- that central banks can continue providing cheap money to banks. Indeed, Macleod writes, even during the tenure of U.S. Federal Reserve Chairman Paul Volcker, who raised interest rates to tame inflation, the U.S. money supply increased. Macleod's commentary is headlined "The Unstoppable Growth of U.S. Money Supply" and it's posted at GoldMoney's Internet site here:
http://www.goldmoney.com/en-gb/news-and-analysis/news-and-analysis-archi...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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