No Matter How Bad It Gets, Some Will Always Love Monopoly Central Banking

STAFF NEWS & ANALYSIS

No Matter How Bad It Gets, Some Will Always Love Monopoly Central Banking

By Daily Bell Staff – April 27, 2016

Why the world needs more U.S. government debt … Are government-imposed restrictions holding back the U.S. economy? In a way, yes: The federal government is causing great harm by failing to issue enough debt.  The U.S. generates more income than any other country, and will keep doing so for many years to come. The federal government can generate a lot of revenue by taxing this income — a power that puts it in a unique position to issue the kind of extremely safe bonds that are in great demand among the world’s investors.  How is the U.S. government wielding its power? Not well. -Bloomberg

Hard on the heels of the Federal Reserve’s latest decision to leave rates alone, we discover this Bloomberg…

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