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Are We Going to See Capital Controls in Western Countries?
The history of financial repression is really anall al that's no less than a hundred years old. So far we haven't seen it without resort to capital controls. I think europe gets to these policies long before the united states of america knows. The last time we saw anything like that in America was the 19 thirties. But i don't expect it to be imminent in the us but i think it is imminent in europe.