How are we paying for COVID?
Current money printing is approaching $16 trillion. That’s more than the US spent in its 13 most expensive wars combined. I use wars because they’re the most expensive things I can think of. Money printing for Quantitative Easing (QE) appears to have worked, so the plan is to load on a bunch more paper money.
Is there no limit? COVID spending is approaching $6 trillion so far. Poking the inflation bear is bringing inflation that will burst current stock and bond market bubbles that rely on zero interest rates to stay inflated.
Field of Study: Economics
Serial entrepeneur specializing in target date funds and baby boomer investment education.
Ronald J. Surz is co-host of the Baby Boomer Investing Show and president of Target Date Solutions and Age Sage, Target Date Solutions serves institutional investors, namely 401(k) plans. Age Sage serves do-it-yourself individual investors. His passion is helping his fellow baby boomers at this critical time in their lives when they are relying on their lifetime savings to support a retirement with dignity, so he wrote a book: Baby Boomer Investing in the Perilous 2020s .
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