Mentions
Jason Scott Montoya @JasonSMontoya
·
Aug 2, 2023
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"I believe the next significant increase in monetization will probably signal the last and probably biggest leg of the long-term debt cycle’s reduction in the values and burdens of debts.
Said more simply, central governments took on a lot more debt (so their balance sheets deteriorated) and central banks printed a lot more money (which caused inflation to rise) and bought a lot of the debt to get money into the hands of the private sector which, as a result, is now in relatively good shape financially. "
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Aug 2, 2023