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If Central Banks Are The Only Game In Town—Then It Will Soon Be Game Over!
02-26-2019, 10:41 AM,
#1
If Central Banks Are The Only Game In Town—Then It Will Soon Be Game Over!
If Central Banks Are The Only Game In Town—Then It Will Soon Be Game Over!

The monetary onslaught appears a reaction to financial factors — falling equity markets, rising credit spreads, increased volatility — and a perceived weakening of economic activity, primarily in Europe and China. If they heeded Walter Bagehot’s oft-cited rule, central banks would act only as lenders of last resort in times of financial crisis, lending without […]


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