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Took a long time to figure out, the Central Banks primary job is to make the financial industry look profitable. Inflation expands balance sheets, therefore inflation is good.
And to monetize the debt of governments. It's a symbiotic relationship. As long as there are taxes to pay the interest, of course.
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Took a long time to figure out, the Central Banks primary job is to make the financial industry look profitable.
ReplyDeleteInflation expands balance sheets, therefore inflation is good.
And to monetize the debt of governments. It's a symbiotic relationship. As long as there are taxes to pay the interest, of course.
ReplyDelete