Reuters/Balazs Koranji and Francesco Canepa/11-11-2020
“Having struggled to lift anaemic inflation for years, officials including the heads of the ECB, the U.S. Federal Reserve and the Bank of England will attempt to figure out why monetary policy is not working as it used to and what new role they must play in a changed world – be it fighting inequality or climate change.”
USAGOLD note: The monetary adrenaline thus far has kept the patient alive but always on the brink of further calamity. The one thing they haven’t tried – and are unlikely to try – is letting the free market be the free market.
