It would be espically ironic if Congress’ most outspoken socialist turned out to be instrumental in re-electing Trump by making easy money acceptable just in time for 2020.
But – as strange as this new alignment of the political stars looks at first glance – it’s also inevitable. Once a society takes on more debt than it can ever hope to pay off, the only way to avoid another Great Depression is to inflate away the currency. So it should come as no surprise that both ends of the ideological spectrum are rationalizing lower (and soon negative) interest rates and next-gen QE.
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