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We Ignore Unintended Consequences At Our Peril

They'll likely define our future more than the intended ones
Friday, January 30, 2015, 7:27 PM

Early in my business career I was faced with a challenge that gave me an appreciation for a very important lesson about life and business. That oftentimes, even with the best of intentions, our actions create consequences completely different from what we intend.

It's that insight that makes me so concerned about the grand central banking experiment being conducted around the globe right now.

The complexity of the system, the questionable abilities of the decision-makers, and the universe's proclivity towards unintended consequences all combine to give great confidence that things will NOT play out in the way the Fed and its brethren are counting on. » Read more