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David McAlvany, Chen Lin and Michael Oliver are this week’s guests. Poor souls who become addicted to drugs or alcohol most often find the immediate pain of withdrawal far too great to discontinue their pathological behavior. To avoid pain they continue behavior that invites near-term death. Likewise central bankers continue their easy money addiction suppressing interest rates to zero and below, ensuring that death of capitalism and poverty are sure to follow. The recent interest rate pivot by Powell’s Fed in response to a plunging stock market at the end of 2018 shows the Fed has no courage
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