Commentary / Japan Oct 3, 2016
Central banks' failed policies
Instead of being our saviors, central bankers have destroyed wealth, created instability and set conditions for the next big economic crisis.
For Christopher Lingle's latest contributions to The Japan Times, see below:
Instead of being our saviors, central bankers have destroyed wealth, created instability and set conditions for the next big economic crisis.
Central bankers' "central planning" of the financial sector with controlled prices for credit are failing for the same reason as central planners of communist economies failed. It's time to allow financial markets to determine interest rates.
While Beijing invites ridicule for making weak or baseless territorial claims, the rest of the world should not it is deadly serious in defending them.
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