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October 25, 2020
Jeffrey Tucker

The New Feudalism

“It’s not surprising at all that a “medieval approach” to disease would also result in the deletion of so many modern advances in social/political understanding and consensus. It was reckless to the point of being evil. It has created a new feudalism of haves and have nots, essentials and unessentials, us and them, the served and the servers, the rulers and the ruled – all defined in the edicts passed by panicked dictators at all levels acting on the advice of bloodless intellectuals who couldn’t resist a chance to rule the world by force.” ~ Jeffrey Tucker

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Colin Lloyd

QE Goes Global

“In a fiat currency world the limits of central bank balance sheet expansion remain unclear, but, as the world economy recovers from the largest economic shock in generations, those limits will become clear. For the large, DM, central banks, these EM limits will be noted with care. Japan has been the petri dish of global monetary policy for the last two decades; now it is the turn of EM central banks to test the willing suspension of disbelief of global financial markets.” ~ Colin Lloyd

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