The next downturn could see a ‘radicalization’ of the policies used during the financial crisis
“Essentially, the view is that next time around policymakers will go even further. That means the use of ‘Modern Monetary Theory’ — in which even more government debt is used to spur growth — along with negative interest rates and the possible step of distributing ‘helicopter money’ or direct cash from central banks like the Federal Reserve.”
USAGOLD note: We’re not making this up, folks. And a large number believe that there is nothing wrong with the mad-hatter policy alternatives just listed. If you do not believe that a gold hedge might be the personal policy position of the future, than perhaps you aren’t paying attention. In a recent Gallup poll, 43% said they believe socialism would be a good thing for America.
Repost from 5-28-2019