Marc Faber : The short-term fixes of the New-Keynesians have had a very negative impact, particularly in the United States

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.""numerous Fed members make Mr.Bernanke look like a hawk," he said. Nor does it matter who is running the White House. Because thanks to welfare and military budgets, "spending is out of control, tax is low, and most spending is mandatory." - in goldnews