Jim Grant: Central Banks are Waging War on Supply and Demand
May 03, 2012
Here’s Jim Grant of Grant’s Interest Rate Observer on Capital Account with Lauren Lyster (beginning around 4:40):
About the author:
Frank Voisin
Frank is an entrepreneur who owned four restaurants by the time he was twenty. He sold his businesses and returned to school, completing a concurrent Law / MBA degree. At the same time, he successfully completed all three levels of the CFA exams. He now invests full time with a focus on value investing. Frank Voisin writes about value investing topics at http://www.frankvoisin.com.
It's interesting that Grant talks about the subtle change to the mind of the people. Listen at 11 min. 15 sec.
Similarly Buffett talked about the mind of the people when he mentioned the need to tax the rich so that there is a perception that they too are making sacrifices along with the middle class.