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The Birth And Rise Of Washington’s Infernal Inflation Machine, Part 3

Summary:
Keynesian economists in the US have done their best to obfuscate the Fed’s culpability for the burned out industrial zone dotting Flyover American from coast to coast. Along with their nonchalance about China’s mountainous internal debt (about trillion counting financial debt), a much used canard is the claim that China’s ultra-dirty float mainly reflected […]

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Keynesian economists in the US have done their best to obfuscate the Fed’s culpability for the burned out industrial zone dotting Flyover American from coast to coast. Along with their nonchalance about China’s mountainous internal debt (about $50 trillion counting financial debt), a much used canard is the claim that China’s ultra-dirty float mainly reflected […]
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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