myquidproquo
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myquidproquo6 karma
Recently the FED has been providing money to alleviate the effects of the US/global coronavirus lockdown.
If I understood correctly from your book “Principles for Navigating Big Debt Crises” this (hopefully) short term measure is inflationary and is being used to offset the current deflationary forces (people postponing investments, unemployment, business retrenchment, etc…)
This comes right after your “cash is trash” statement about the risk of high inflation and the inevitability of FED printing money to monetize debt.
Given the deflationary forces could the coronavirus event be a good opportunity for debt monetisation and deleveraging by the FED without the risk of high inflation or, on the contrary, this new wave of printing can be one more reason for concern?
myquidproquo28 karma
I really appreciate your research, summarisation and writing. Could you share more about your process?
For instance:
Could you share some tips for the people who feel they have something to say but find it hard to have the motivation or can’t find the right process?
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