Part 2: America’s Economic Fate Is Now Being Decided
Part 2: America’s Economic Fate Is Now Being Decided April 9, 2021 Wow! With breath-taking speed, the economic reaction to the Covid pandemic was mind-boggling. From Donald Trump to Joe Biden, from trillion dollar stimulus packages to unending Federal Reserve liquidity, the scope of the response has been without parallel. The world’s economic engine sputtered from forced lockdowns and massive unemployment. Trillions of dollars were borrowed from the future, piled on top of mountains of previous debt. Interest rates were cut to zero, and national governments and their central banks flooded the world financial system with newly created currency. Before [...]