ZeroHedge – The Inevitable Failure Of Mechanistic Monetary Policy – 3 April 2015

ZeroHedgeSubmitted by Charles Hugh-Smith via OfTwoMinds blog,

Our current faith in central banks’ ability to “make the economy all better, all the time” is horrendously misplaced.

We are living in the Cargo Cult Era of Central Bankers. The era began in earnest on December 5, 1996, when Federal Reserve chairman Alan Greenspan cautiously wondered aloud if the stock market was exhibiting “irrational exuberance.”

Read the full story at: www.zerohedge.com / link to original article

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