Beware the Predictions of “Experts” Like Janet Yellen
Alarm bells should go off when an economist, central banker or government official declares there’s no danger of economic turmoil in the near future.
Alarm bells should go off when an economist, central banker or government official declares there’s no danger of economic turmoil in the near future.
The social advantages of eliminating physical cash are minimal, and economists tend to ignore the many costs that a cash ban would create.
The empirical evidence is clear: the Fed is pursuing an expansionist monetary policy — and the economic benefits have been disappointing at best.
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