May, 2014 | CMI Gold & Silver
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Monthly Archives: May 2014

Cheap money: get used to it

Central planners and their minions rarely–if ever–admit the failures of their programs.  In fact, they rationalize and even support their continuations when the schemes fail, laying blame on “the markets” or someone else’s inability to recognize the brilliance of their interventionist schemes.  Martin Wolf, the Financial Times chief economics commentator, recently lamented the lack of