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Monetary insanity is not the solution to lunacy

Monetary insanity is not a solution to lunacy.

There’s no need for more central bank action, but supply measures:

– Eliminate taxes while shutdown lasts.
– Ensure working capital lines for businesses
– Facilitate production and distribution once a vaccine is available.

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Daniel Lacalle
Daniel Lacalle has a PhD in Economics and is author of Escape from the Central Bank Trap, Life in the Financial Markets, and The Energy World Is Flat.
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