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al m's avatar

I'll say one thing for you, you know how to do your homework!

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G7Doug's avatar

"Finally, the misallocation of capital caused by ECB policy is preventing creative destruction and causing asset bubbles."

This is at the heart of virtually every economic problem globally and if you follow the money you'll find it also has a hand in 99% of the global social ills. Capitalism works if the government plays it's role of referee and the central banks enforce lending standards, both of which are in steep decline after going off the gold standard and have little relevance to whatever economic system is actually in place today.

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