This video is an example of Keynesian Propaganda aimed at hoodwinking the public of the supposed magic of devaluing a currency (via the printing press) to create prosperity. (Hat Tip iTulip, Lew Rockwell).
Oh, this isn't just a US phenomenon, most politicians and academic experts here are likewise proponents of the devaluation of the Philippine Peso for the alleged benefit of the economy (a.k.a. exports or OFWs).
Meanwhile, the public is unaware that noble sounding projects/programs/policies only benefit the politically connected, government officials and the primary recipients of government inflation. The rest of the public suffers via higher prices.
Oh, this isn't just a US phenomenon, most politicians and academic experts here are likewise proponents of the devaluation of the Philippine Peso for the alleged benefit of the economy (a.k.a. exports or OFWs).
Meanwhile, the public is unaware that noble sounding projects/programs/policies only benefit the politically connected, government officials and the primary recipients of government inflation. The rest of the public suffers via higher prices.
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