As the administration passes a snowballing debt pile onto Generation Z with self-serving monetary policy, a powerful pro- argument once confined to developing nations is coming home to roost.
Trump Advisor Larry Kudlow: No Rate Hikes in My Lifetime
Larry Kudlow doesn’t think he’ll ever see another interest rate hike. | Source: REUTERS / Kevin Lamarque
The importance of as a means of financial independence became starkly apparent on Thursday when economic advisor made the bold – and shocking – that we “wouldn’t see another rate hike in his lifetime”.
The “economist” is 71 and has excellent federal healthcare benefits, so either he’s not feeling particularly optimistic about his prospects, or he’s confident that will rule the Federal Reserve by proxy through at least his second term. Either way, it’s an odd claim.
Of course, we know the real reason he threw cold water on rate hawks. He’s trying to make sure the stock market is as pumped up as possible for 2020 – so he can keep his job. Kudlow’s economic plan also requires a to keep foreign investment funding the debt-hole blew open with the recent tax reform.
bitcoin Is Far More Than a Hedge Against Hyperinflation
Larry Kudlow’s economic recklessness ranks among the best arguments for . | Source: Shutterstock
I’ve never seen a more compelling argument for than the corruption and mismanagement that infects so many governments and central banks. Usually, these are in nations like Zimbabwe or Venezuela, where abuse of power has permeated every inch of public governance.
However, disastrous monetary policy festers in the first-world, too.
Naturally, a deflationary asset like could be a life-saver for people who have faced , but many reports have suggested that it isn’t such a , where sturdy mediums of exchange exist. This argument ignores the fact that damage isn’t always immediately apparent.
The problem with limited-term governance is it encourages politicians to look only in the near-term. If you are a US resident born into Generation Z, you must helplessly watch your future tax burden grow with every passing month. It’s the only way to undo the mess that years of recklessness have created, and ’s tax cuts have put the cherry on top.
Does anyone remember when Republicans cared about fiscal responsibility?
Confidence in the Fed Should Have an Inverse Correlation With bitcoin Adoption
Given that ’s yes-men now crowd the halls of the White House and , may be the only way for the future to regain their future.
Financial independence has always been important, but it’s quickly growing vital. The cost of two recessions has been kicked far down the road, and – newsflash – .
The US dollar remains the world’s reserve currency because of its stability and liquidity. , in contrast, is illiquid, and the public trusts it less – for now. Every time the White House attacks the Fed or increases the unfunded debt, the confidence-gap narrows.
If that’s not bullish for , I don’t know what is.
Published at Thu, 11 Apr 2019 21:08:02 +0000
