Comments by "Andre Falksmen" (@andrefalksmen1264) on "The New Global “Minimum Tax”" video.
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Would not you say the current economic panic over the coronavirus is leading to fiscal, as opposed to monetary, stimulus, particularly in the United States if not in Europe as well, which will cause significant inflation in the coming years.
The temporary effect will be to it rude the real value of existing debt for both private persons, corporations, and governments, but I would see that the long-term it would mean the loss of the United States dollar as the World Trading currency. The timing all depends on how long the primary manufacturing Nations, which are in Asia, and the primary suppliers of raw material which are in the Middle East, Asia, and Africa are prepared to chase the value of the US dollar down. Specifically, are the Chinese prepared to chase the value of the dollar down or to break the peg/ trading band.
In any event, the near-term seems to be an environment of a so economic boom, as consumers, corporations, and governments, are able to finally lighten their debt load with inflation. They may not be able to contract new debt, but they will be able to increase their Purchasing Power and corporations which were saddled with high debt before becoming increasingly profitable and this environment.
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