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The solutions have been austerity plus monetary excess.
As for other causes of inflation, seven interest-rate rises by the central bank have removed monetary excess, he says.
And this means that it is deeply, deeply wrong to think of rising gold prices when bond yields are low as some kind of symptom of monetary excess.
Greenspan's monetary excess was also crucial in setting off a chain of bad government policies.
The Fed should mop up the excess liquidity success with this would see gold, the best measure of monetary excess, drop from $900-plus 900-plus to less than $500.
Jesse Cataldo of Slant Magazine said, "The album revives when Kanye West shows up to produce and guest on "Sanctified," a revival song that pairs religious rebirth with monetary excess in a sort of frenzied ritual".
Similar(54)
ARCH-CONSERVATIVES have long prescribed a return to the gold standard as the answer to America's fiscal and monetary excesses.
This risks creating new monetary excesses that will eventually have to be corrected in ways that could jeopardize the global and U.S. recovery.
In a world with this intelligent service, a monetary surplus will immediately be transferred from the financial system to the customers because excess profits evaporate in a highly efficient market that's mediated by automation.
To permit punitive damages, which, by definition, provide monetary relief "in excess of..
To permit punitive damages, which, by definition, provide monetary relief in excess of actual loss, could impair the financial stability of unions and unsettle the careful balance of individual and collective interests which this Court has struck in the unfair representation area.
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