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Continuous interventions by governments with fiscal and monetary measures, instead of smoothing the business cycle, have actually led to greater instability. The short-term fixes of the New-Keynesians have had a very negative impact, particularly in the United States. – in Prison Planet
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
2012-11-21 19:20:32
Source: http://faber-blog.blogspot.com/2012/11/the-short-term-fixes-of-new-keynesians.html