Unintended Consequences, Deflation, and the Road That's Paved with Good Intentions, by Dawn Bennett
This past week brought a host of platitudes to mind. Sayings like "Don't cry over spilled milk," and "A fool and his money are soon parted." But perhaps the most relevant is "The road to hell is paved with good intentions." That really hits home, because it speaks to unintended consequences, which is what we are seeing in the markets, and to the reverse results we're witnessing from Keynesian central bank policies that are negatively affecting so many different layers...
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