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The Road To Economic Serfdom

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IT'S I-95 SOUTH FROM WHERE I SIT
"As a result of the continuing euro crisis, European Central Bank (ECB) now finds itself buying up the debt of all the weaker eurozone governments, making it the – perhaps unwittingly – feudal boss of Europe," writes The Baseline Scenario. "In the coming years, it will be the ECB and the European Union who dictate policy.  The policy elite who run these structures – along with their allies in the private sector – are the new overlords."

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