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Are We Headed Towards a Monetary Breakdown? | Jeff Snider
Hidden Forces
What's the Objective of Central Banks?
The monetary system evolved way back in the 50s, 60s into the 70s without the Fed. That was the beginning of the Fed's loss of control of the monetary system. When you're stuck from the outside looking in and at best, trying to influence behavior of the system from an external posture, you're going to have all sorts of problems with transmission because you're not inside the system.
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