Imposing sanctions will advance the reach of surveillance capitalism while strengthening the power of states to control the financial system overall. The end result will be a lower standard of living and a less free economy.
When there is increased money coming into an economy from somewhere, the first recipients benefit. They spend it according to their preferences and benefit from the new money, while others who only face higher prices are hurt.
A central bank whose policies accommodate irresponsible deficit spending by the federal government is a menace to society, unleashing uncontrollable forces.
Saving is not about never consuming things. Rather, saving enables us to devote more resources to growing wealth now for the purpose of consuming more in the future.
Even if the Fed finally delivers the tapering and starts raising rates, it won’t get any further than it did back in the last anemic rate hike (2015–18) and tiny balance sheet shrinking (2017–19) cycles.
Bernanke’s initial moves to reverse QE were memorably beaten back by the so-called taper tantrum, so it's hard to see how the Fed will now proceed with aggressive QT.
