Monday, December 17, 2012

Why Central Banks Can't Let Up on Stimulus

Why Central Banks Can't Let Up on Stimulus
It's all part of the brave new central banking world.

"We're in open-ended QE across the globe," Doss said. "I don't know what the end game is."
I know how this will all end:  in tears.  Stimulus = debt monetization = deficit spending = an insolvent Treasury issuing new debt to pay off old debt = a bankrupt country creating money out of thin air.  Why will this end in tears?  Because a broke country will become more broke.

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