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Juan 1972
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Economist Fired for Expressing Opinions on Max Keiser Show; Errors in Observation - Mish -

With all due respect...that spinning is, as you know, the money circulation speed and is something very real not limited to banks activities. If general confidence in the future drives me to spend my precautionary savings and stores receiving my money invest in stocks...that makes money "spin" throughout the economy and, as you know, circulating money is calculated as money multiplied by its circulation speed.

In fact, all the money printed throughout recent years by the Fed, the ECB, the BoE or the BoJ hasn't had any consequence due, among other reasons, to the fact that this money does not circulate (broke financial entities) and terrified people does not spend their savins unless they have no choice.

Commented 4272 days ago

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Beginning of the headline :According to Forbes,economistSandeepJaitly was forced to resign from his position at theGold Standard Institute after expressing his views with Max Keiser. Said Phillip Barton, president of GSI "Lest there be any misunderstanding, the views expressed bySandeepJaitly in his interview with Max Keiser are not the views of The Gold Standard Institute... Read More

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