Martin Armstrong Questions “Are Central Bankers Coming To A Bitter End?”

Monday, August 29, 2016
By Paul Martin

by Martin Armstrong via ArmstrongEconomics.com,
ZeroHedge.com
Aug 29, 2016

Central bankers these days are seriously trapped. They cannot now reverse their policies for that means they have to admit that they have failed. That is far more serious than you might imagine. To even entertain backing down from negative interest rates means they have to admit that Keynesian/Marxist economics has failed and therein socialism, which is based upon the very principle that government can and is capable of managing the economy.

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