You’re Living in a World Wrought by the Federal Reserve. Notice Anything Wrong?


The Institute for New Economic Thinking has the article/interview You’re Living in a World Wrought by the Federal Reserve. Notice Anything Wrong?.

In her new book, veteran Wall Street watcher and economist Nomi Prins warns that central bank strategies deployed since the financial crisis are destroying the real economy, worsening inequality, and creating societal chaos.

This is the type of thing that Michael Hudson concentrates on. Nomi Prins has a different way of telling the story that might get through to more people, or at least to a different set of people.

For years, I have been urging the gurus of MMT to explain how the Fed could create trillions of dollars without creating consumer price inflation. Nomi Prins gives us just such an explanation.

Eventually we did see the inflation, and that has to be part of the explanation of why we didn’t see it before, but we are seeing it now.

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