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22-Nov-2017 20:26

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And there is your recipe for really suicidal political disorder.

One more thing this week: why exactly are America’s Clinton-invested political elites inveighing so strenuously against Russia and its president, Mr. The US has gone out of its way to provoke Russia militarily the past several years.

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Its role as the basis of capital formation is so impaired that real capital (i.e.Does the public understand the rationale behind zero interest rate policy (ZIRP)?Not any more than they understand the interaction of gluons and quarks or the doctrine of the Holy Trinity.wealth) cannot be generated, meaning that none of the credit issued as “money” will ever be paid back.

Zero interest rate policy eventually equals zero principal paid.Submitted for your approval: Harvard wizard Kenneth Rogoff’s new book, .