Marc Faber Warns Of “Moral Degeneration” From America’s “Consensual Hallucination”

Tuesday, May 31, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
05/31/2016

The flood of money that central banks are creating pollutes the Western capitalistic system and free markets, as well as democracy. The consequences are anemic economic growth, deep social discontent, a culture of cheating, and moral degeneration. At the same time, “the bureaucracy is expanding to meet the needs of an expanding bureaucracy” (Oscar Wilde). Hardly a recipe for sustainable economic growth and rising standards of living.

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