• Here’s how stimulus checks could cost Americans in the long run

    Here’s how stimulus checks could cost Americans in the long run

    Massive federal spending meant to blunt the coronavirus’s economic impact could have long-term costs, experts say — meaning those stimulus checks might not be free money after all. Congress’s unprecedented stimulus measures coupled with the Federal Reserve’s aggressive efforts to shore up the economy could drive up inflation in the coming years, leaving Americans with …
  • Fed vows to keeps interest rates on hold until inflation rises

    Fed vows to keeps interest rates on hold until inflation rises

    The Federal Reserve kept interest rates pinned near zero on Wednesday and promised to keep them there until inflation is on track to “moderately exceed” the US central bank’s 2 percent inflation target “for some time.” The change in guidance is part of a monetary policy shift announced by the Fed last month that is …
  • Massive Inflation May Be Coming, Because the US Government Has Cornered Itself into a Fiscal End Game

    Massive Inflation May Be Coming, Because the US Government Has Cornered Itself into a Fiscal End Game

    Years of deficit spending has made monetary policy a slave to fiscal policy. The federal government is moving into the final stages of its fiscal life. Deficits have gotten so enormous that the Federal Reserve simply prints the money the government needs. Why? Because that’s the only option left on the table. For years, we …
  • How All That Extra Stimulus Money Could Lead to Price Inflation

    How All That Extra Stimulus Money Could Lead to Price Inflation

    In an effort to “fight” the consequences of the politically orchestrated “lockdown,” the Fed pumps vast amounts of money into the economy. It injects base money into the banking system. It also monetizes outstanding debt and finances the US administration’s deficit spending policy by issuing new money. This not only increases “excess reserves” in the …