Financial Repression Is Here To Stay As Governments Run Out Of Options

Today’s financial repression is set to last for decades (and possibly forever) as policymakers are seeking to keep government funding costs low rather than increasing regular taxes or cutting entitlements that’s according to a new report from Macquarie’s economics research team. Since the financial crisis, central banks around the world have embarked on an unprecedented monetary policy experiment. Interest rates have been pushed down to artificially low levels in an attempt to stimulate economic growth and stave off a deep financial depression. Unfortunately, while these policies have worked to some degree, they have also punished savers. This is the very…