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#BTColumn – Cause and effect or cause and deflect? barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.
#BTColumn – Decline, denarius and the dollar (Part 2) barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.
This writer might be the world’s biggest fool, but don’t let the powers that be (especially monetary) take you for one. Working folk of small fortune do well to remember that we are still in the throes of the greatest failed monetary policy experiment in human history. The continuing fallout from (and enabler of) this failed experiment is grounded, not in greed (or grenades), but a governance gap.Henry Thornton’s warnings in Parliament and the press on the controversy of currency, are equally true of our monetary mess as it was in his day, “the increase of industry will by no means keep pace with the augmentation of paper.” Nobody, certainly not “greedy” capitalists, can out-gouge governments addicted to artificially low interest rates using central banks to monetize debt. ....