I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial ti
“Finally, gentleman, from the considerations above mentioned, as I cannot consistently with my own honor, nor with utility to my country, considering the manner in which Business is transacted here, remain any longer in this chair, I now resign it.”