Yesterday Russel Norman was like Neville-No-Mates when it came to support for his policy of Quantitative Easing. So he’ll be happy to know I’ve found an economist for him from the Austrian school of economics, one Dr Walter Block, who confirmed in a recent email to a friend that if named as head of the US central bank, he would continue the policy of “quantitative easing.”
Yes, you read that right.
Here’s the full email, sent to Bob Wenzel at EPJ:
I'm ready to serve my country in this capacity. I promise to do a good job. My policy will be quantitative easing: easing all the employees of the Fed out of their jobs. If appointed, I won't demand a recount. Rather, I'll fulfill my promise to End the Fed within one day. See, I'm a moderate (that's why they call me Walter Moderate Block). I won't blister my finger ending this invasion of our liberties instantaneously.
Walter E. Block, Ph.D.
Harold E. Wirth Eminent Scholar Endowed Chair and Professor of Economics
Joseph A. Butt, S.J. College of Business