|
Doesn't make that much difference what our central bank does Greg; I was referring to the printing, borrowing and artificially low interest rates employed by the big northern hemisphere economies, producing mal-investment and bubbles in one asset or another, all the while amassing debt which necessitates reduced future economic activity while the loans are repaid. An alternative way of dealing with the debt is depression and default.
Modern governments and some individuals have forgotten how to live within their means and it will come back to bite us all.
|