The Future of US Monetary Policy
By Peter Zeihan
When a country’s monetary policy begins to resemble the likes of Venezuela and Turkey, it might be a good time to pump the brakes.
Trump and his Treasury Secretary have called for reform in the Federal Reserve, claiming the Fed has failed. The conversation is a good one to have, but the monetary policies suggested by Trump are just foolish. He has called for the firing of the Fed Chair and wants to force interest rates down to 1%…all for the sake of political gain. If we wanted inflation, asset erosion, and to damage our economy in the long-term, that would be a good way to get there.
