The Dangers of Ethical Banking - Foundation for Economic Education fee.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fee.org Daily Mail and Mail on Sunday newspapers.
Der Bluff der FED fliegt auf – das Gelddrucken geht weiter () aktiencheck.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aktiencheck.de Daily Mail and Mail on Sunday newspapers.
2/18/2021 2:54:56 PM GMT
There is a Chinese proverb that says: if you want to get rich, build a road first. To paraphrase the proverb, we would say: if countries want to become rich, they must first build infrastructure.
The conditions for this to happen in the current era seem ideal. Policy makers will have to continue to provide liquidity after the end of the pandemic, with much of it going to private and public spending on infrastructure.
This policy will increase debt and, as a result, countries will inevitably keep interest rates lower than inflation and growth in order to make debt manageable. So, they will continue to implement the policy of