Zimbabwe’s Gideon Gono Admires Fed, QE3

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Zimbabwe’s Gideon Gono Admires Fed, QE3

The world’s greatest living money printer, Zimbabwe’s Gideon Gono, recently commented on the parallels between the Fed’s continued quantitative easing programs and the policy he has pursued while pancaking the Zim dollar over the last decade.  From Mises: These interventions which were exactly in the mould of bail out packages and quantitative easing measures currently […]

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David Kotok on ECB, Fed Credibility – and the Possible Return of Deflation

The folks at The Institutional Risk Analyst sat down with “EU financial mess expert” David Kotok, CEO of Cumberland, to discuss the ECB’s (shoddy) options, the Fed’s lack of credibility, and the looming risk of deflation for the West. Kotok: The question of credibility is a continuing problem. It all comes back to solvency. We […]

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