by Douglas Obey
I
can't help but draw the comparison between a heroin addict and today's
worldwide economies. The world's economies have become as completely dependent
on monetary stimulus (Central Banks printing money and driving interest rates
to near zero) as a junkie is on heroin. The initial use gives the high and provides the escape being
looked for but after a while it's needed just to maintain the ability to function, and then continued use deteriorates any productivity that once
existed until an overdose eventually kills
the addict.
