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The Fed and the “Salvador Dali Effect”
Media Asset
Author: Dante Bayona
Online Publish Date:
Category: Monetary Theory, The Fed, Global Economy
The Fed and the Treasury are betting on the fact that the dollar will remain the world’s reserve currency forever, and that the US can inflate without consequences indefinitely. The international victims of the scheme, however, are looking for a way out, writes Dante Bayona. This audio Mises Daily is narrated by Allan
The Fed and the “Salvador Dali Effect”
Mises Daily
Author: Dante Bayona
Online Publish Date:
Category: The Fed, Financial Markets
There is a story about the great Catalan surrealist painter Salvador Dali. It is said that in the last years of his life, when he was already famous, he signed checks knowing that they would not be submitted to the bank for payment. Rather, after partying with his friends and consuming the most expensive items the restaurants had to offer, he