How Modern Monetary Theory Exacerbates Inequality
Policies that disregard the risks of loose credit such as quantitative easing and modern monetary theory are all the rage nowadays, but there is no such thing as a free lunch.
Asset manager Adrian Day argues the 2008 bailout of Wall Street has inflated the stock market and deepened the divide that is corroding our social fabric.
The Federal Reserve and economists have begun realizing this, but no one is willing to make the hard choices to correct course.
- Visit Adrian Day’s website.
- “Modern Monetary Theory,” Investopedia.
- “Modern Monetary Theory: A Fairy Tale for Social Engineers,” by Fergus Hodgson.
- “The Fed Is Buying Treasurys Again. Just Don’t Call It Quantitative Easing,” Wall Street Journal.
- “QE, or Not QE? Impact of Fed Bond-Buying Will Depend on Treasury,” Bloomberg News.
- Get Adrian’s book, Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risksnvesting.
If You Liked This Episode
- “How the Fed’s Low Rates Became an Addiction,” Gold Newsletter Podcast.
- “Peter Boockvar: The Fed Has Overdosed on Social Justice,” Gold Newsletter Podcast.
- “The Good News about the Next Recession,” Gold Newsletter Podcast.
- “China Prepares for Dollar Collapse, Hoards Gold,” Gold Newsletter Podcast.