For years, governments have spent more than they produce and have covered the difference by printing money. When more money is printed, the currency loses value, although the effect is not immediately noticeable. Central banks, like the Federal Reserve, are trapped. Raising rates breaks
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
For years, governments have spent more than they produce and have covered the difference by printing money. When more money is printed, the currency loses value, although the effect is not immediately noticeable. Central banks, like the Federal Reserve, are trapped. Raising rates breaks