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Are We Headed Towards a Monetary Breakdown? | Jeff Snider

Hidden Forces

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Is 2008 a Breakdown in the Refinancing Mechanism?

Bailout was actually about restarting that refinancing mechanism. Was it about increasing the supply of money in the system to neutralize excessive levels of credit? "What you see is a bunch of clueless bureaucrats who are just throwing stuff at the wall, hoping something sticks," he says.

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