Thursday , December 3 2020
Home / David Stockman /Why The Next Wave of Debt Monetization Will Also Be A Disaster

Why The Next Wave of Debt Monetization Will Also Be A Disaster

Summary:
If this monetary experiment has proven anything it is that lower rates and higher liquidity are not tools to help deleverage, but to incentivize debt. Furthermore, this dangerous experiment has proven that a policy that was designed as a temporary measure due to exceptional circumstances has become the new norm. The so-called normalization process lasted only a few months in 2018, only to resume asset purchases and rate cuts. https://www.dlacalle.com/en/the-next-wave-of-debt-monetization-will-also-be-a-disaster/

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes Why Netanyahu Whacked Iran’s Top Nuclear Scientist—To Back Biden Into War

David Stockman writes Hey, Gauleiters of Lockdown! How Do You Explain Taiwan?

David Stockman writes The Strangely Unscientific Masking of America

David Stockman writes Mooaar Helicopter Checks—Just In The (St.) Nick Of Time!

If this monetary experiment has proven anything it is that lower rates and higher liquidity are not tools to help deleverage, but to incentivize debt. Furthermore, this dangerous experiment has proven that a policy that was designed as a temporary measure due to exceptional circumstances has become the new norm. The so-called normalization process lasted only a few months in 2018, only to resume asset purchases and rate cuts.

https://www.dlacalle.com/en/the-next-wave-of-debt-monetization-will-also-be-a-disaster/

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *