Quote from: JA37 on June 25, 2011, 09:03:37 PM

Quote from: The Script on June 24, 2011, 08:25:56 AM

The missing link to the vicious circle: http://www.huffingtonpost.com/2009/09/07/priceless-how-the-federal_n_278805.html

Note: this is the Huff post which is not a "fringe" website as far as I know.

Very US-centric but a good read none the less. I'm not convinced that most economists around the world are affected by this, and I would find it hard to believe that you would have such a dominant player in every region that would push everyone to the Keynesian side.

The Federal Reserve is not the only central bank, just one of the most influential (mostly because dollars are the world's reserve currency).