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Showing posts with label the fed treasury weimar germany republic printing money inflation quantitative easing jargon leverage debt maynard keynes hayek. Show all posts
Showing posts with label the fed treasury weimar germany republic printing money inflation quantitative easing jargon leverage debt maynard keynes hayek. Show all posts
Friday, 5 April 2013

When is printing money not printing money? Never, actually, but there’s bugger all you and I can do about it except choose to believe the bullshit

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It’s always good to begin obliquely, so I shall begin this entry with a medical story. One night several years ago, about five years ago, I ...