I like this quote from Nassim Taleb (http://ift.tt/2aHcYPF)
“The fact that the world, as a result of quantitative easing, has seen an asset inflation that benefited the uber-rich, and that nothing has been cured. One cannot cure debt with debt, by transferring from private to public sectors. The markets will ultimately crash again, although this time it will hurt a lot more people,”
I wonder if the Left will ever get their heads round it?
“The fact that the world, as a result of quantitative easing, has seen an asset inflation that benefited the uber-rich, and that nothing has been cured. One cannot cure debt with debt, by transferring from private to public sectors. The markets will ultimately crash again, although this time it will hurt a lot more people,”
I wonder if the Left will ever get their heads round it?
QE - Nassim's not keen!
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