EP 2483-9AM INFLATION ABOUT TO EXPLODE! GLOBAL ECONOMIES SITTING ON APOCALYPTIC TIME BOMB

EP 2483-9AM INFLATION ABOUT TO EXPLODE! GLOBAL ECONOMIES SITTING ON APOCALYPTIC TIME BOMB

As we step into the new world, we are no longer sure how much of what we thought we understood about financial and macro-economics is still valid. We have lived through a decade of extraordinary and unconventional monetary stimulus to prevent economies from sliding into deflation, but this effort barely succeeded in propping up growth at what have been historically low levels. The most immediate manifestation of the shift in macro policy is that the fear of inflation, and of rising levels of government debt, that shaped a generation of policymakers is receding. Replacing it is the perspective that economic policy should now concentrate on broader social goals. Such goals are as necessary as they are admirable. They include greater social support for minority groups, greater equality in income, wealth, education, medical care, and more broad-based economic opportunity and inclusion. They should be front and center of the policies of any government in these times. https://thepetesantillishow.com/archives/17908

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