The Fed's role will be to get the cash hoarders back into speculating on the newly de-toxified MBS by scaring the beejesus out of them with a knock out combination of
fiat currency debasement and near zero yields.
Not exact matches
4) Governments introduce
currencies and often cheat on them (
debasement, or inflation of a
fiat currency).
4) Governments introduce
currencies and often cheat on them (
debasement, or inflation of a
fiat currency).
Since then, I try to focus on hard and / or naturally yielding assets, while trying to stay independent from the long - term
debasement of
fiat currencies.
The result is that no
fiat currency in history has ever survived its inevitable
debasement.