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BREAKDOWN: Why the U.S.' $2 Trillion Stimulus, Unlimited QE Will Expose the Monetary System’s Flaws

Author
CoinDesk
Published
Wed 25 Mar 2020
Episode Link
None

CoinDesk’s Chief Content Officer Michael Casey and Head of Research Noelle Acheson join for a lively debate about the new $2 trillion stimulus package and era of “unlimited” QE, including:

Whether (and on what time scale) fiscal and monetary stimulus might lead to inflation

Whether the Fed buying corporate bonds amounts to a nationalization of the bond markets

Why the appearance of a ‘digital dollar’ in an earlier stimulus proposal was a huge surprise

How a digital dollar in the form proposed would upset the balance of power between the Fed, commercial banks, and citizens 

Why trust in governments and financial institutions is likely to achieve new lows in the wake of COVID-19

Why people are reevaluating the meaning and purpose of money   

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