3min chapter

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#12: Danielle DiMartino Booth on Why The Fed Is Bad for America

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Myth of QE4 and Outright Debt Monetization

QE4 followed by outright debt monetization that all of the developed economies will agree to given the alternative. If you talk to the Ken Rogoff's of the world and they are part of this generation of up and coming central bankers, it will come down to outright Debt Monetization. That is what really we could be talking about in terms of an end game. You would go from this deflationary impetus that seemed like it was going to go on forever to hyperinflation just over it.

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