Canso May 2021 Market Observer

The very first thing a university student learns in Economics 101 is that an economy exists to efficiently allocate scarce goods. A corollary is that a financial system exists to allocate the scarce capital of an economy. These are basic truths that policy makers everywhere are overlooking in their haste to solve a medical emergency, the COVID pandemic, with very blunt fiscal and monetary tools.

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Canso May 2021 Market Observer

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