Dr. John Nash's lecture at the University of Scranton last week

Last week Dr. John Nash gave a lecture at the University of Scranton titled “Ideal Money and the Motivation of Savings and Thrift.” He spoke about recent economic crises, including the national debt of Greece and the “panic of 2008” in the United States. Dr. Nash said that these issues are related to decades-old Keynesian economists’ policies that “have sold to the public a ‘quasi-doctrine’ which teaches, in effect, that … ‘bad money is better than good money.’”

Dr. Nash suggested the use of an industrial consumption price index, or ICPI, to use to give “ideal” money its proper value.   Outstanding!!

http://thetimes-tribune.com/college-corner/university-of-scranton/nobel-prize-winning-economist-holds-lecture-on-ideal-money-at-university-of-scranton-1.1235944#ixzz1f2x17gfD