‘Rationality’ Behind the Currency Genocide

By |2015-04-22T10:41:10-04:00April 22nd, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

I believe the phrase that is attaining Paul Krugman all these invitations to “consult” on economic failure is one that he has used pretty consistently for years. He says “deflationary vortex” and for a long while it was ignored as studious monetarists were busy inflating away; except that none of them, from the Fed to BoJ to the ECB, even [...]