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Frederick Miles
The Hill
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Comments by "Frederick Miles" (@frederickmiles8815) on "Saagar Enjeti: The Coming Bill For The MASSIVE Cost Of Lockdowns" video.
As long as the Fed continues QE - puchasing of US debt via open market operations - in order to supress interest rates (the Fed Fund Rate) there will be no boom. Rather there will be continued and worsening wage and income gaps; where those who have assets are enriched by the Fed's misguided policy and those in the middle and bottome become increasingly radicalized by socialist dirty hippies and fascist white nationalists. If interest rates are allowed to run we will have growth more akin to the 80's than 90's - just with much, much higher public and private debt which will prevent the closing of the wealth gap and income gap as government mistakenly drives up the cost of commodities via poor fiscal policy and misallocation of resources.
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