Book Quotes Blog

We can no longer trust what

We can no longer trust what the markets tell us. That's because those who control them do not trust the markets themselves; Yellen and the rest have come to think their academic hand is more powerful than Adam Smith's invisible one. The result has been the slow demise of market utility that, in turn, presages the slow demise of the real economy.

- from The Death of Money book by James Rickards