DNB-baas Knot: 'Handelsoorlog Trump kent alleen maar verliezers'
Yet our modern monetary mandarins never stop to consider Bagehot’s warnings about the adverse consequences of easy money – how interest rates set at 2 per cent or less fuel speculative manias, drive savers to make risky investments, encourage bad lending and weaken the financial system. One wonders whether any of them has actually opened the pages
... See moreEdward Chancellor • The Price of Time: The Real Story of Interest
No Trade Is Free: Changing Course, Taking on China, and Helping America's Workers
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deflation makes debt unmanageable.
Martin Ford • Rise of the Robots: Technology and the Threat of a Jobless Future
Foreigners, it must be remembered, do not fund fiscal deficits. They fund current account deficits, and they do so automatically.
Michael Pettis • The Great Rebalancing
Who pays? It is bad for those outside the central bank who still hold the debts as assets—cash and bonds—who won’t get returns that would preserve their purchasing power.
Ray Dalio • Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
