MCViewPoint

Opinion from a Libertarian ViewPoint

What Has QE Wrought? [TRANSCRIPT]

Posted by M. C. Fox on January 8, 2018

You wanted big government, you got it.

http://www.ronpaullibertyreport.com/archives/what-has-qe-wrought-transcript

 It is my opinion that the QE bubble is bigger than the Housing Bubble and the Dot Com Bubble combined. It is no easy task to correct for all the mal-investments and excessive debt and provide for all the unfunded liabilities. In the process of paying the piper, the country is destined to become much poorer, especially since a miraculous increase in productivity is unlikely in spite of the hoped-for benefits from the recently passed tax law. Economic, psychological and political pressure will prevent the changes in policy needed to deal with the huge complicated mess that the QE’s have generated. What we are experiencing is the climactic end of gigantic experiment with a fiat currency inflation, the size of which was never tried before.

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