Wednesday, 28 January 2015

The spreading alchemy of central bank money-printing

"It's a confidence game, in other words. What wealth you think you have may or may not be there tomorrow, depending on bets placed by the unelected, albeit very smart people in charge of creating our money.

It's all real, unless it's not. Absence of evidence is not evidence of absence.  

Money has value, or it doesn't. I don't think I ever want a definitive answer."

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