French lessons in dangerous QE seduction

The failure of quantitative easing experiments around the French revolution warn post-GFC America's addiction to easy money is a slippery slope.

It’s a common misconception that the recent Quantitative Easing experiments of northern hemisphere central banks, is unprecedented. That is not true. There have been many similar experiments throughout history. All end badly. One such period is now known as the French Revolution. At school we’re taught that revolution was about liberty, equality and fraternity; the rights of man and despotic monarchy. That is not even half the story.  The French Revolution had some very modern and familiar problems; climate change and economic chaos amongst them.

Climate change



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