By Vivek Kaul – Vivek Kaul Letter (India) –
In order to drive down interest rates, the Fed unleashed a quantitative easing program among other things. This involved printing money (or rather creating it digitally) and using that money to buy government bonds and mortgage-backed securities. This process was referred to as quantitative easing. This led to lower interest rates.
All this money printing and lower interest rates should have led to the median income of the United States going up.
But it didn’t improve… and it created an employment problem so substantial that’s changing the course of global history.