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WSJ on the 3 paths forward for the .gov money policy here and elsewhere
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sand85
Posted 6/14/2020 22:51 (#8315902)
Subject: WSJ on the 3 paths forward for the .gov money policy here and elsewhere


C IL
https://www.wsj.com/articles/governments-may-revisit-postwar-playboo...

Spoiler alert and summary:

(1) financial repression, a likely outcome, which is coordinated actions between central banks and the various .gov’s to hold down interest rates (which I assume inflates asset values again but WSJ reminds us beats up savers some more)

(2) light the inflation rocket, which Falco tells us has failed miserably for at least the past decade, or

(3) austerity, which most everyone hated after the 2008 meltdown and WSJ says disproportionately affects low-income households.

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