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IMF Downgrades Global Economic Outlook For 2016 and 2017

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Joined Sep 10, 2015
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Production, not monetary policy, makes people wealthy.

If monetary policy made people wealthy, we could all stay at home and get a $1,000 per month cheque from the government. No one would have to work.

Sound great right? Yeah. If you are stupid.

If government or the IMF increases currency (easing), how does that make anyone wealthier? It doesn't.

Only production makes people wealthy. You can't consume currency.

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