$21 Trillion And Counting: Why Deficits Didn’t Matter During The Age Of Monetization, 1987-2017 (Part 2)

For the past 30 years fiscal deficits have been a big financial nothingburger because the Fed and other central banks gutted their sting. So doing, they drastically and dangerously falsified the market for government finance by weaning politicians of the one element that kept modern Big Government fiscally contained. We are referring to the historical fear among politicians that […]
You must be a Stockman's Corner member in order to view this post, subscribe to Monthly Subscription, Quarterly Subscription or Annual Subscription.