Financial Times/Ruchir Sharma/12-4-2022
“But tight money is here to stay. The target list will grow. No country is likely to be immune, not even the US, which has among the highest twin deficits in the developed world.”
USAGOLD note: We understand and empathize with the point Sharma makes, but for those nation-states that issue their own currency and enjoy a compliant central bank, the easy money era is far from over. The consequences of such policies, though, are as burdensome as ever. And that is what the free-spenders and money printers are missing. Sharma is the chair of Rockefeller International.
