VECKA 02
Lördag
16
Januari
BT-annons
2020-11-27

Money printing

Resultatet av att trycka mer pengar.

The printing press is heating up anew, as Reserve Bank credit jumped to $7.11 trillion, up $65 billion from a week ago. That pushed the three-month growth rate of interest bearing assets at the Fed to 7.5% from 4.9% a week ago, even as the year-over-year comparison continued to edge lower, reaching 80.2% growth this week compared to 81.1% on Oct. 15.

Despite elevated default risks, US CCC-rated corporate bond spreads are near pre-crisis levels.

Global health bureaucrats would have a much easier time if they could force "renegade" countries like Sweden into line with the power to force a uniform health policy on everyone.

In an unhampered economy, stock prices would reflect the availability of savings for investment and capital. But in an inflationary economy, rising stock prices suggest something very different.

The pope doesn't understand that it is the protection of property rights that secures the common good.

The true cost of covid-19 lockdowns has become so apparent that even WHO officials must now admit these policies lead to mass impoverishment and immense cost in terms of human lives and human health.

Money printing—even at a constant rate—is going to generate the same result as any other money printing. The reason lies in the fact that money creation transfers wealth from productive to unproductive enterprises.

 
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