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Crisis Is Us——-The Inexorable Result Of Modern Central Banking
07-07-2016, 08:20 PM,
#1
Crisis Is Us——-The Inexorable Result Of Modern Central Banking
Crisis Is Us——-The Inexorable Result Of Modern Central Banking

The inexorable effect of contemporary central banking is serial financial booms and busts. With that comes increasing levels of systemic financial instability and a growing dissipation of real economic resources in misallocations and malinvestment. At length, the world becomes poorer. Why? Because gains in real output and wealth depend upon efficient pricing of capital and…


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