Mises Wire
Author:
Jack Watt
Online Publish Date:
February 2021. Unlike the QE that began in 2008, in which new money entered asset markets mainly via the banking system, most new money creation since 2020 has funded of deflation and their later portrayal of inflation as “transitory” indicated a failure to understand it. One of the many reasons for this failure is that the by nature. Transfer payments are won by special interest lobbying rather than market competition. Forced Saving Whether the boom is affected by an expansion of