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Monetary Policy and Its Consequences
This chapter explores the profound effects of monetary policy on inflation and wealth distribution, emphasizing the rise of asset inflation amidst low consumer prices. It critiques the strategies of quantitative easing and the Federal Reserve's intervention, highlighting the long-term risks of increasing national debt and exacerbating wealth inequality. The discussion further examines the challenges within fiscal and monetary policies, advocating for rational financial approaches to address the looming economic concerns.