Et tu Bernanke?
Societe Generale analyst Dylan Grice published research comparing the modern-day financial burden of the baby boomers to the Roman army in third century AD. Throughout time, governments across the globe have turned to devaluing money to fund unsustainable burdens – causing inflation. This activity indicates government failure that needs to be acknowledged, as reinforced by "unbelievable" unofficial debt ratios from Cato Institute economist Jagadeesh Gokhale.
Source: FinancialTimes.com | October 9, 2009
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