Permanent currency swaps will make matters worse

Re: Central Banks Make Swaps Permanent as Crisis Backstop

Disease Flow Map Haisam HusseinRather than backstop and mitigate a crisis, these currency swaps will cause the crisis to spread.  This is a typical socialist solution, perpetrated by today’s preeminent socialist institutions–central banks.  Permanent currency swaps will cause a crisis to spread rather than mitigate its underlying causes.  Dumping one currency for another is simply an indication of rational self-interest by those who understand reality.  Patrick Barron

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