“Money Printing A Complete Catastrophe”
  • Prabha Hegde
  • Aug 02 2013

August 2: “If there was a balanced budget and a commitment to tight monetary policies, the rupee would stabilise,” says Marc Faber, Investment Guru. However, the tendency is to cut rates and print money, which will lead to a fall in the purchasing power of paper money, he says, warning that, “Bubbles repeatedly created by the US Fed are destructive.”