Where Do We Go From Here? Down.
From the outset of the financial crisis the response by central banks and governments has been pure Keynesian – if you print enough money you can reflate anything. The fatal flaw in Keynesian logic is that Lord Keynes assumed a government could borrow at will.<a href="http://www.istock tickeranalyst.com/article/viewarticle/articleid/4102587″>[More...]
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