Skip to main content

Below are some of the most interesting articles, quotes and charts I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning.

Some former Fed officials are starting to tally up the true cost of more than a decade of money printing.

By suppressing the cost of debt, QE encouraged the federal government to take on a much greater amount than would have been possible otherwise.

This fiscal profligacy enabled by monetary accommodation is now one of the forces behind persistent inflationary pressures in the economy.

But massive asset purchases by the Fed have also exacerbated inequality, with the wealthy actually benefitting from the current economic environment…

…while the rest struggle with a slowing labor market amid persistent cost pressures.

This bifurcation only exacerbates the trend towards growing social unrest.