Ben Bernanke's Gift to AfricaBy
There’s no paucity of warnings about the unintended consequences of the Bernanke Federal Reserve’s unprecedented monetary policy. After all, four years of zero interest rates followed by at least three rounds of freestyle easing have injected trillions into global capital markets. Are high-yield bonds now too junky? Should banks actually be penalizing customers for giving them too much in the way of super-cheap deposits? What of the widening of the gap between the Have-Nots and the Kardashians?
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