By Dion Rabouin, includes “ The Fed-driven economy relies on the creation of trillions of dollars — literally out of thin air — that are used to purchase bonds and push money into a pandemic-ravaged economy that has long been dependent on free cash and is only growing more addicted. … ‘The socialization of debt by the Fed is fundamentally reshaping how the quote 'free market' system works,’ Scott Minerd, CIO at Guggenheim Partners, told Axios last month.”
Read the full article on: Axios