Central Banks Really Not in Control. Bob Hoye - December 21, 2018

Back in the 70’s, The Concord Coalition predicted that we would reach this point. We’ve been deficit spending for 5 decades, and have not had a monetary standard since 1971. The two are connected. We needed to allow capitalism to work back in 2008/9 but we bailed out bad behavior and kicked the can down the road. We are out of road and it has nothing to do with who’s I the Oval Office.

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