Letters of the Week

The market and the economy, monetary supply problems, and upping the super fight.

Alan Kohler’s latest Weekend Briefing was a gem. Mr Kohler hit the nail on the head several times with standout words of wisdom, including: “Our own assets and our own incomes seem secondary to the market indices and the national accounts in determining how we feel... The reason we are not all significantly poorer right now is that certain central banks have reduced the price of money to zero and have been standing on street corners giving the stuff away…The fact that it will also loot the accounts of savers and send those on fixed incomes to the poorhouse is apparently neither here nor there.”


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