Money Magic
More than any other area of official policymaking, monetary policy suffers from the sense that there is a free lunch to be had. But there is a high price to be paid for the ultra-loose monetary policy that many countries are maintaining – and not only in terms of higher inflation.
https://prosyn.org/HhWzgKa
CHICAGO – Economic growth in the United States seems to be slowing again. This might reflect temporary factors, like the Japanese tsunami, which disrupted supply chains and caused some factories to suspend operations. Also, high oil prices have taken a toll on disposable income, impeding growth in consumption demand. This has led to a build-up of inventory – and thus to cuts in production.