Fiscal Waterboarding and Handling the Truth, by Dawn Bennet
"I want the truth!" "You can't handle the truth!" That exchange between Tom Cruise and Jack Nicholson in the movie A Few Good Men seems relevant to our financial markets in so many ways. For so long, the truth has been massaged and manipulated by governments and central bankers to justify well-meaning but ultimately futile and even irresponsible programs such as quantitative easing and persistent zero-interest policies. The media, the White House, Congress, even individual and institutional investors have allowed...
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