Source: Cobden Centre
by Dr. Richard M Ebeling
“Nothing is as enticing as a free lunch. The idea of getting something for nothing surely is appealing to almost everyone. …. there is no end to the list of things we would all like to have with no cost attached, with nothing to have to give up to get what we want. Economists are usually considered the perennial party-poopers … reminding people that often nothing is as expensive as something that is said to be for ‘free.’ … What are we to think, then, when a Nobel Laureate economist, Joseph E. Stiglitz, and his coauthor, Mark Weisbrot, tell us that there is ‘A No-Brainer for Global Growth and U.S. Jobs’ (Project Syndicate, January 10, 2025) at almost no cost and all benefit to the world. All that is needed is for the International Monetary Fund (IMF) to digitally print more of a version of paper money known as Special Drawing Rights (SDRs).” (04/24/25)
https://www.cobdencentre.org/2025/04/the-illusion-of-inflationary-prosperity/