Ep 34 - Real Conversations: Daniel Lacalle - Escape from the Central Bank Trap

The omnipotent PhDs leading the world’s central banks equate economics to physics. Like Newton’s laws of motion, an economy at rest will remain at rest unless compelled to grow by some outside force. Enter the Fed, European Central Bank and Bank of Japan, which have collectively added more than $20,000,000,000,000 worth of asset purchases globally since the onset of the Great Recession. This endeavor has been fundamentally misguided from the start says economist, author and Tressis CIO Daniel...