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GM27: Central Banks were Warned about their Failed Policies ft. William White

Top Traders Unplugged

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Debt Deflation Is a Dangerous Thing

It is a dangerous thing when you have through your own policies generated a level of debt that is going to be a burden on everybody okay. The prevailing belief at the time was that if you kept the money supply under control there'd be no problem and what Sergeant in Wallace pointed out was that attempts by the monetary authority to keep the money Supply under control would basically explode. It's easy to tell an Irving Fisher kind of story from the 1930s it's also not hard to tell a story of very aggressive physical and monetary policy resistance, says David Frum.

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