no one is near fearful enough
and we have actually forgotten what we learnt in the 1920s, thats the cycle of boom and bust, the business cycle, if we only had learnt the lessons of what high private debt does to the economy alah Fish, Minksy, Schumpeter then the central bankers would never had made money so cheap when the debt and asset levels were rising
All fo these rsiks are well known, Greenspa and Bernanke thought they knew better than their intellectual granfathers, the point is they didnt
spp = price destruction!!, page-34
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