The Breakdown: Why U.S.’ $2 Trillion Stimulus, Unlimited QE Will Expose Monetary System’s Flaws
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/ The Breakdown: Why U.S.’ $2 Trillion Stimulus, Unlimited QE Will Expose Monetary System’s Flaws
The U.S. government approved a $2 trillion stimulus package after the Federal Reserve pledged “unlimited” quantitative easing to stabilize the economy.
CoinDesk’s chief content officer Michael Casey and head of research Noelle Acheson discuss how the ripple effects will expose flaws in global financial and monetary systems, whether this will bring massive inflation, and how a “digital dollar” as proposed earlier this week would upset the balance of power between the Fed, commercial banks and citizens.
