I was asked once again why all this central-bank “money-printing”
along with global zero-interest-rate or even negative-interest-rate
policies haven’t caused a big bout of inflation, considering how
currencies are getting watered down.
It’s a crucial question that baffled many minds for a while, but now,
as this thing has been dragging out for seven years, bouncing from one
major central bank to the next, without end in sight, the answer is
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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)