Financial Repression Coming to America: El-Erian
May 17, 2011 at 08:22 AM EDT
Unfortunately, I can’t say that policy makers with as little understanding of actual monetary as he has won’t do that type of thing. (Nor can’t I say he isn’t talking position) I can say they all seem heck bent on deficit reduction, which is probably the most severe and effective form of economic repression. And $US short covering, [...]