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Title : Harvard Economist: History Volition Approximate Obama Equally A 'Great President'
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Harvard Economist: History Volition Approximate Obama Equally A 'Great President'

It is getting nuttier than normal inward Cambridge, Massachusetts.

Harvard economist Kenneth Rogoff, who is an advocate of banning physical cash, was recently interviewed by National Public Radio's Robert Siegel. where he said:

[President Obama] pulled us out of a really deep abyss. We could convey had a minute Great Depression together with nosotros didn't. I mean, at that spot were a lot of people who helped. And frankly, fifty-fifty George Bush did things he couldn't imagine towards the halt of his presidency amongst financial stimulus together with such to help. But Obama actually ramped it up, actually took control. And I recall history volition guess him every bit a neat president on the economical side, on par amongst Bill Clinton together with Ronald Reagan.

For the record: Obama didn't describe us out of anything. The electrical flow nail is a typical Federal Reserve manipulated nail caused past times massive coin printing. At unopen to point, it volition Pb to unopen to other crash only every bit past times Fed monetary manipulations have. There convey been xviii economical downturns since the Fed launched operations inward 1914.

For to a greater extent than on Fed created business cycles see: Austrian School Business Cycle Theory and The Fed Flunks: My Speech at the New York Federal Reserve Bank.

 -RW

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