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Are We Headed Towards a Monetary Breakdown? | Jeff Snider

Hidden Forces

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What We Learned From the 2008 Crisis?

In pre-crisis era, the monetary system began to view its own activities as risk less. "If you convince yourself that everything is risk less, you'll do anything," he says. Subprime mortgages were a symptom of this problem; when you have really internal constraints on monetary creation, money creation eventually ends up causing problems.

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