“Der Spiegel interviews Harvard economist Carmen Reinhart who has the novel idea that central banks are acting like the ‘adults’ in the room by cleaning up after spendthrift governments. ‘Governments are incapable of reducing their debts and now central banks are stepping in.’ Perhaps this argument sounds reasonable to a Martian that has not been following exactly what central banks have been doing and continue to do, but last time we looked we weren’t Martian. The idea that monopoly central bankers are ‘responsible’ and politicians are not seems a spurious question, in our humble view. A pox on both their houses.”
http://www.thedailybell.com/28996/No-Doubt-Pensions-Are-Screwed
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Soon You'll Be Able to Hijack Weaponized Police Drones in Connecticut
Judge: NSA phone program likely unconstitutional
High School AP History Book Rewrites 2nd Amendment
Cop Unions Say Demilitarization Threatens Police. They’re Wrong.
US, Russia, and China Increase Naval Presence Off Syria
North Korea: Is War the Inevitable Outcome?
New York: Federal Appeals Court Upholds Motorcycle Roadblock
The Terrifying Future of The United States
Kansas Supreme Court Rules Passing Sobriety Test Is Meaningless
The End of the Battery – Getting All Charged Up over Supercapacitors
4-D Printing: The Solution to a $350 Billion Problem?
Caging Children, Separating Families: The War on Immigration Has Gone Too Far
How many U.S. immigrant-citizens renounce their prior citizenships?
Send Micro-Transactions With Zero Fees via Coinbase
Oakland Cops' Violent Past to Be Kept from Jury