MICHAEL AND YOU ALWAYS TALK ABOUT A GLOBAL LIQUIDITY CRISIS PENDING BUT CAN’T WE JUST PRINT OURSELVES OUT OF ILLIQUIDITY?
MICHAEL AND YOU ALWAYS TALK ABOUT A GLOBAL LIQUIDITY CRISIS PENDING BUT CAN’T WE JUST PRINT OURSELVES OUT OF ILLIQUIDITY?
March bank collapses were a result of illiquidity. Simplistically: Money printing creates more debt. As debt increases it gets more expensive, too expensive to pay, higher rate defaults happen. More liquidity crises (private and governments) indeed will happen worldwide. And eventually more inflation.
