Minouche Shafik: Apologist for the Experts
The global bureaucrats are noticing that the masses are becoming disillusioned with "the experts." And they feel the need to combat the trend.
The global bureaucrats are noticing that the masses are becoming disillusioned with "the experts." And they feel the need to combat the trend.
Unlike commodity money, fiat currencies allow persistent trade imbalances which cause grave discrepancies in income, consumption, and investment.
Money-supply growth hit a 46-year high in October, but had moderated significantly by December, according to the most recent money-supply data.