Paul Singer “Money Is Going To Hell” And Capitalism Is At Risk

Policymakers have “got away” with unsound monetary policies for the last 12 years, and think they have a “magic formula” to deliver “unlimited amounts of money without cost and without risk,” according to Paul Singer’s latest update to investors of Elliott Management. For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. In the update, a copy of which has been reviewed by ValueWalk, Elliott says that policymakers are “wrong” to believe that they have a magic formula to control risk. “They are just as wrong as when they said that recessions…