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Governments have crippled the world's economies: revolution may soon follow
An article recently published on the Mises Institute website brings attention to the story of the World's economic situation in 2020. The start of the year saw production greatly expanding, unemployment rates declining, and stock exchanges reaching record highs. However, the Corona virus outbreak dramatically changed the game, more specifically with imposed lockdowns, leading to a breakdown of the world's economy.
This obviously led to the fear of another massive economic crisis, with people recalling back to the 2008 episodes, when the whole credit pyramid was about to collapse. History repeats itself with borrowers unable to service their debt, and central banks quickly turning on the printers to inject money in the financial sector, as well as in people's accounts held with banks.
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