More Filthy Fiat: Two Dozen Central Banks Ramp up the Printing Presses

The global economy seems to be heading toward a financial crisis fueled by central planners that could devastate markets worldwide. This year onlookers are witnessing the largest synchronization of central banks printing massive amounts of fiat or participating in other forms of stimulus. The central banks’ easing policy hasn’t been this colossal in nearly two decades as the M1 money supply has touched an all-time high.

Also read: Why Central Banks Are Not Designed for Democracies

Expect More Easing as Central Banks Continue Fighting the Fires They Started

The central banks continue to print enormous amounts of fiat, slash rates, and do what they can to curb the devastating consequences of poor central planning. In 2019, the number of developed central banks bolstering easing policies makes it seem like a large-scale concerted effort. For instance, almost two dozen central banks are playing the roulette table by manipulating the global economy in a number…