Thursday, July 31, 2014

Benn Steil

Benn Steil is Director of International Economics at the Council on Foreign Relations, and co-author of Money, Markets, and Sovereignty, winner of the 2010 Hayek Book Prize.

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Washed Away on the QE2

Imagine that your water pipes have holes, and that, not wanting to pay to repair them, you tell the plumber to turn up the pressure instead. Replace pipes with banks, and you have the logic of the US … read more

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