The End of Cheap Money and Cheap Loans (w/ Richard Wolff)
January 3, 2020
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12:15Now PlayingThe End of Cheap Money and Cheap Loans (w/ Richard Wolff)
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as posted by the channelThe Federal Reserve is pouring money into the markets and it is swinging the markets. There are $4.16 trillion of funds in the Fed and the GDP is only $20 trillion.
Flooding the economy is a stimulus for the economy, but it has meant that we have become to expect and rely on low interest loans and money. It has become too dangerous to take the country off its intravenous drip of cheap money.
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How can this be resolved – and – can it be resolved?
Professor Dr. Richard Wolff explains how it all works.
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