For Whom the Hundreds Trillion of New Money
Monday, July 27, 2020
EVERY country in the world is practically adopting similar method to restore the economy: stimulus. In the plain term, this means showering the economy with as much money as possible, just on a different scale from country to country.
The total stimulus in the developed economies has reached US$4.2 trillion. On average, the government budget deficit has swollen to 17 percent of gross domestic product (GDP). Similarly, the central bank balance sh
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