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Thursday, December 13, 2012
Marc Faber : The short-term fixes of the New-Keynesians have had a very negative impact
Marc Faber : "Continuous interventions by governments with fiscal and monetary measures, instead of smoothing the business cycle, have actually led to greater instability. The short-term fixes of the New-Keynesians have had a very negative impact, particularly in the United States. Faber said to the LBMA The ANNUAL CONFERENCE of the London Bullion Market Association recently