This is an interesting article because it acknowledges what free-market economic analysis has pointed out emphatically ever since the economic crisis began – that it was driven by a reckless and inflationary fiat money expansion. The New Republic article doesn’t come right out and point fingers at central banking stimulation but it might as well. Central banks in this day and age are economic arbitrators, so when something goes wrong, the central bank gets the blame as well it should.
Daily Bell: False Lure of an Infrastructure Bank
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