"Deflation in a fractional reserve banking system means policymakers have, for all intents and purposes, lost control of the economy."
Difficult to argue with that one, whatever you may think of the rest of the author's argument.
"Deflation in a fractional reserve banking system means policymakers have, for all intents and purposes, lost control of the economy."
Difficult to argue with that one, whatever you may think of the rest of the author's argument.
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