What with the Fed continuing to keep money cheap and the new 'theory' of MMT [Modern Monetary Theory]... can anybody see an actual difference? I sure as hell can't. China is expanding its supply of credit... the US is not reducing its supply of credit... in reality isn't that just putting more money in to the 'system' just like MMT advocates? The Dow is poised to make new all time highs... but shouldn't that be expected as the natural reflection of more money going around... i.e. it is going up in nominal terms but its intrinsic value remains the same?
What it means for those outside of the loop to buy assets [the average man and woman in the community] is their relative spending power is constantly retracting... in plain speak getting poorer. The wealth divide we have seen in the last 10 years is going to get worse.
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