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The Whole World Says We Are Idiots

And the whole world is right.

“With all due respect, U.S. policy is clueless,” German Finance Minister Wolfgang Schaeuble told a conference. “(The problem) is not a shortage of liquidity. It’s not that the Americans haven’t pumped enough liquidity into the market, and now to say let’s pump more into the market is not going to solve their problems.”

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Contact Jeffrey A. Tucker

Jeffrey A. Tucker is the founder of the Brownstone Institute and an independent editorial consultant.

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