How the US Federal Reserve created a financial opioid crisis in the West

South China Morning Post/Andy Xie/7-17-2020

“Is there such a thing as a free lunch, though? Karma will eventually catch up with the Fed. When China joined the global economy, its size and low wages added to deflationary pressure. The resulting low inflation in the world was really due to this shock, not overly tight monetary policy. Greenspan interpreted low inflation as a call for loose monetary policy, which led to asset bubbles. His successors have maintained the policy.”

USAGOLD note:  An older article that deserves renewed attention on several different levels ……”A decade or more of stagflation awaits the world,” he concludes. “Political turmoil and revolution might accompany it.”