The need to inject more than 270 billion US dollars into the short-term money market teaches us that liquidity is much lower than the Federal Reserve estimated and the agents’ debt much greater.
Booms and BustsFree MarketsGlobal EconomyWorld HistoryInterventionism
Global EconomyMoney and BanksMoney and Banking
The depreciation of the yuan since 2014 is more of a response to market movements than a planned devaluation to gain competitiveness illegitimately.
Constant monetary stimulus leads to great wealth inequality, tilting the scales in favor of those who already own assets.