The cult of money printing

Printing vast quantities of money has not made western economies grow. The tide of history seems to be with the emerging economies, writes David McWilliams.

21st September, 2013
What if the Fed's policy of quantitative easing is simply making the 1 per cent richer?

There is something vaguely odd and actually quite comical about the sight of a Hasidic man, head to toe in black with a wildly elaborate fur hat perched on top of his ringlets, sweating in the warmth of Montreal's Indian summer. The attachment to early 17th-century Eastern European clobber in the 21st century, seems a bit over the top. However, according to a friend of mine who knows about these things, the hat, its size...

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