by Brandon Smith, Alt Market:
The one thing about the financial world that never ceases to amaze me is how far behind the curve mainstream economists always seem to be. Not long ago we had both Janet Yellen and Paul Krugman, economists supposedly at the front of the pack, both proving to be utterly ignorant (or strategically dishonest) on the effects of central bank stimulus measures and the threat of inflation. In fact, they both consistently denied such a threat existed until they were crushed by the evidence.
“I’ll pardon brave truth-tellers like Julian Assange and investigate the corruption and crimes they exposed.”
‘I don’t think they should scale this up more until they have understood whether they can control it,’ said Dr. Geoffrey Hinton.