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History will judge the world’s current major central banks very badly

By David Scott | Monday 24 October 2016


History will judge the world’s current major central banks very badly and not only for their responsibility in setting the stage for the next global economic and financial crisis. These very same central banks will also be demonised for the social tensions that they have created between the haves and have nots and the subsequent rise in extreme politics. Since the Great Global Economic Recession in 2008-2009, highly unorthodox and untried and untested monetary policies have been pursued by the world’s major central banks in an effort to promote economic recovery.

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