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The length, scale, and scope of such downturns are greatly expanded under a system of fiat credit expansion.
The ECB has surrendered and is turning toward even more aggressive easy-money policy as the euro economy slows. Meanwhile, President Trump attempted to use the move to put additional pressure on the Fed to ratchet up its own QE plans.
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When it comes to public policy, good outcomes depend on a good grasp of sound economics by the public.
Environmental activists in US politics are making it quite clear that their goal is nothing short of a socialist economic revolution.