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Economic and and financial news and analysis

Note to Fed: Giving the Banks Free Money Won’t Make Us Hire More Workers- Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. Lowering interest rate and making credit abundant doesn’t make employers hire more workers. The Federal Reserve’s policy of targeting unemployment is based on a curious faith that low interest rates and lots of liquidity sloshing around the…

What You Absolutely Need to Know About “Their Paper Money” – Shah Gilani, Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Chapter One, on how money came into being, ended with, “Governments made legal tender laws to make it illegal not to use their paper money – backed by nothing but promises.” There’s a partial truth in that sentence.…