Alvaro Vargas Llosa | Thursday May 18, 2017 at 10:49 AM PDT
Moral hazard, easy money, and cheap credit have never produced good results. History is littered with examples of financial disaster brought about by monetary manipulation originating in central banks and then spreading to other parts of the system. One would think that the 2007/8 credit crisis, whose effects have not quite withered away, would...
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