Re:Monetary Policy Is the Root Cause of the Millennials’ Str...
by thedudeabides5 on Thursday September 05, 2019 @12:30PM
(#20888310)
Kinda.
It's true that monetary policy is pushing up asset prices, so that while there is little to no inflation in consumer goods and wages, the real costs of education and housing have increased.
This is kinda like a pincer movement on the well being of the millenial generation.
That being said, being part of a depression isn't that great for welfare either.
At the moment, there just aren't many credible alternatives to 'zero interest rates forever' monetary policy, and so the phenomena described in this article is likely to get worse before it gets better.
It's true that monetary policy is pushing up asset prices, so that while there is little to no inflation in consumer goods and wages, the real costs of education and housing have increased.
This is kinda like a pincer movement on the well being of the millenial generation.
That being said, being part of a depression isn't that great for welfare either.
At the moment, there just aren't many credible alternatives to 'zero interest rates forever' monetary policy, and so the phenomena described in this article is likely to get worse before it gets better.