Monday, August 22, 2016

Central Banks "Misrepresenting" Information. I'm Shocked, Shocked At The Gambling Here

Financial repression, misinformation increasingly the principle tools of central banks

Financial repression, or the practice by governments and their agents of reducing government debt by reducing interest rates paid to savers and devaluing currency over longer terms essentially shifts the burden of repayment onto the backs of the public. First described by economists Carmen Reinhart et al in a paper entitled "The Liquidation of Government Debt",…