While Household Income Falls, Central Bankers Are Pushing for Higher Prices
The world’s central banks want you to pay more to live.
(From Mises)
Central banks will often say that these price increases are not due to monetary policy but market forces. However, it is precisely monetary policy that strains market forces by pushing rates lower and money supply higher. Monetary policy makes it harder for the least privileged to live day by day and increasingly difficult for the middle class to save and purchase assets that rise due to expansionary monetary policies, such as houses and bonds.
This article was originally posted here: https://www.ac2news.com/2020/11/while-household-income-falls-central-bankers-are-pushing-for-higher-prices/.
