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Scary stuff and certainly explains the last 8 years of economic outcomes based on 'public' policy:
Now as talk of negative interest rates are emerging, all in the quest to kickstart inflation, at what point do people wake up? Negative interest rates have been done in Europe and guess what? It failed and created more deflation as people have hoarded their money versus pay the bank to hold it.
Which means we know what to expect soon and has also been discussed....a cashless society.... all in the name of the war on terrorism and drugs, of course.
Federal Reserve economists Andrew Chang and Phillip Li set about researching how many of the results published in top economics journals could be replicated — repeating the study and finding the same results.
They looked at 67 papers in 13 reputable academic journals.
The result is shocking: Without the help of the authors, only a third of the results could be independently replicated by the researchers. Even with their help, only about half, or 49%, could.
That leads the researchers to a pretty blunt conclusion: "Because we are able to replicate less than half of the papers in our sample even with help from the authors, we assert that economics research is usually not replicable."
http://www.businessinsider.com/feder...tudies-2015-10
They looked at 67 papers in 13 reputable academic journals.
The result is shocking: Without the help of the authors, only a third of the results could be independently replicated by the researchers. Even with their help, only about half, or 49%, could.
That leads the researchers to a pretty blunt conclusion: "Because we are able to replicate less than half of the papers in our sample even with help from the authors, we assert that economics research is usually not replicable."
http://www.businessinsider.com/feder...tudies-2015-10
Now as talk of negative interest rates are emerging, all in the quest to kickstart inflation, at what point do people wake up? Negative interest rates have been done in Europe and guess what? It failed and created more deflation as people have hoarded their money versus pay the bank to hold it.
Which means we know what to expect soon and has also been discussed....a cashless society.... all in the name of the war on terrorism and drugs, of course.
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