Belief in Monetary Policy

The bankers who broke the world.

The writer believes in monetary policy. We have had several rounds of this since 2008. The effects have been the same after each round, and each successive round is less effective. Stock and commodity price increases are accompanied by growth being brought forward from future quarters in response to the cheap money. When the effect wears off the financial markets and labor markets worsen.

Belief is dangerous. Once you start believing, you stop thinking. Believe your friends and family, not politicians, pundits and businesspeople.

Examine the figures for yourself. Then once you determine that monetary easing is just a canard, think about other ways we can get our economy growing again.




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