Why central banks cannot normalize, even in growth periods.

Why central banks cannot normalize, even in growth periods.

– Monetary policy incentivises unproductive debt.
– Debt to GDP rises in crisis and growth periods.
– Even the smallest rate increase generates a bankruptcy domino.
– Governments never allow central banks to normalize. pic.twitter.com/rHS9IuZ66Y

— Daniel Lacalle (@dlacalle_IA) December 19, 2020

63 views

READ Central Bank Balance Sheets Will Increase By A Net $13 Trillion In 2021?

READ Big names in the world of finance are beginning to call out the Fed and other central banks for their role in ramping up economic inequality and manipulating financial markets — a departure from the praise they received for most of last year.