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The Fed Won’t Avert The Next “Crisis,” They Will Cause It.

Summary:
The problem with low interest rates for so long is they have encouraged the misallocation of capital. We see it everywhere throughout the entirety of the financial system from consumer debt, to subprime auto-loans, to corporate leverage, and speculative greed.           https://www.davidstockmanscontracorner.com/?p=380030&preview_id=380030&preview_nonce=8e56c6bfeb&_thumbnail_id=-1&preview=true

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The problem with low interest rates for so long is they have encouraged the misallocation of capital. We see it everywhere throughout the entirety of the financial system from consumer debt, to subprime auto-loans, to corporate leverage, and speculative greed.           https://www.davidstockmanscontracorner.com/?p=380030&preview_id=380030&preview_nonce=8e56c6bfeb&_thumbnail_id=-1&preview=true
David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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