PBD Podcast The FED Needed an Excuse to Print Money | PBD Podcast |EP 43
Mar 4, 2021
Danielle DiMartino-Booth, a finance and economics expert, joins the conversation to discuss the economic implications of recent fiscal policies and the influential role of figures like Elon Musk. They critique current leadership at the Federal Reserve, explore the challenges of wealth inequality, and debate the feasibility of proposed wealth taxes. Engaging insights into global economic trends, particularly China's impact, along with light banter on topics like minimum wage and travel concerns, make this discussion both enlightening and entertaining.
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Fed's COVID-19 Excuse
- The Federal Reserve needed an excuse to print money, and COVID-19 provided that opportunity.
- The economic slowdown wasn't solely caused by the pandemic, but the Fed needed a justification for their actions.
Inflation and Unemployment
- Sustained inflation is unlikely with millions on unemployment benefits.
- An inflation scare would benefit real estate sellers due to the narrative surrounding it.
Dollar Hegemony
- The dollar remains strong due to the Euro and Japanese Yen's weakness and China's not-yet-dominant economy.
- The U.S. benefits from low borrowing costs due to the dollar's reserve currency status.