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Central banks drive booms and busts, and force everyone to be a high risk speculator « JoNova

Central banks drive booms and busts, and force everyone to be a high risk speculator « JoNova
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Hooked on cheap money, the Tories have wasted 14 years in power

It seemed the right thing to do at the time. As the catastrophe of the global financial crisis began to unfold nearly 15 years ago, central banks slashed interest rates close to zero and flooded the system with freshly printed money through the newfangled mechanism of “quantitative easing”.

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