In a four-minute piece of video propaganda on what is supposedly their specialist subject, money, the Atlanta Federal Reserve gets at least five things wrong, explains Mish Shedlock, including:
- What money is
- Price stability
- Exponential math
- Who benefits from inflation
- That Federal Reserve policies are responsible for asset bubbles that grow increasingly larger over time
That's one hell of a lot of things to be wrong about [in just four minutes], especially for someone "big on getting our communications right."
Read more (and watch the video if you must) at Mish’s post: Money as Communication: A Purposely "Non-Educational" Fallacious Video by the Atlanta Fed