[JoeFromSidney]

Tyson is another Keynesian, and this is just more Keynesian claptrap. Creating money out of thin air, in the hope of "stimulating" demand failed in the US in the 1930s, and in Japan in the 1990s.

However, it's not a new fallacy. William Jennings Bryan's famous "Cross of Gold" speech was a call for inflation as a means of "stimulating" the economy.

[danielmryan]

However, it's not a new fallacy. William Jennings Bryan's famous "Cross of Gold" speech was a call for inflation as a means of "stimulating" the economy.

Howzabout that. There were two Bryans: Bryan the inflationist and Bryan the anti-Darwinist. Bryan the anti-Darwinist is perpetually mocked, but Bryan the inflationist is the legitimate grampaw of every political economist who sees inflation as a valid policy tool.

One more note: Bryan supporters who called Darwinism "Evil-ution" did so before Hitler's Social Darwinism manifested itself in compulsory sterilization of the "unfit." The Holocaust built on that Social Darwinist policy.