The US Economy Is Being Japanified — Thanks to the Fed
Central bankers are increasingly talking about raising the inflation target above 2 percent. Are negative interest rates next?
Central bankers are increasingly talking about raising the inflation target above 2 percent. Are negative interest rates next?
Why does this domino process affect only banks, and not real estate, publishing, oil, or any other industry that may get into trouble?
The true lesson from Japan is that central planners prefer to gradually nationalize the economy before even considering a moderate reduction in government size and control.
Suppose that a convincing orator should go on TV tomorrow, and urge the public: "The banking system of this country is insolvent."
The Fed overestimated the robustness of the economy, underestimated the level of addiction of the markets to cheap money, and it was way too quick to proclaim a “full recovery” from the crisis.
The Morgan-Rockefeller forces began to organize a "reform" movement to cure the "inelasticity" of money and to move slowly toward the establishment of a central bank.
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