{"id":47400,"date":"2019-07-24T13:18:13","date_gmt":"2019-07-24T18:18:13","guid":{"rendered":"https:\/\/olduvai.ca\/?p=47400"},"modified":"2019-07-24T13:18:18","modified_gmt":"2019-07-24T18:18:18","slug":"entering-period-of-perpetual-money-printing-john-williams","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=47400","title":{"rendered":"Entering Period of Perpetual Money Printing \u2013 John Williams"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/usawatchdog.com\/entering-period-of-perpetual-money-printing-john-williams\/\">Entering Period of Perpetual Money Printing \u2013 John Williams<\/a><\/h3>\n\n\n\n<p>Economist John Williams says be careful what you wish for when it comes to Federal Reserve interest rate cuts. Williams explains, \u201cUnless you can get a good healthy consumer, you are not going to get a good healthy economy. It\u2019s that simple. I think the Fed recognizes that, but they want to get rates higher because that will help the banking system. It will help make lending a little easier and start to return the system to normal. The problem with them backtracking now is the Fed may not ever be able to go back and do what they did before. We may be entering a period of perpetual quantitative easing (money printing). That changes the ballgame, and I am not sure where that\u2019s going to go. It\u2019s not as happy as it would have been if we had gone through a transition where bad parts of the banking system failed and you rebuilt and had a strong buildup from there with the economy and everything else. . . . Perpetual quantitative easing (money printing) is frightening, and it\u2019s a new world. No one has ever seen anything quite like this.\u201d<\/p>\n\n\n\n<p>Williams says all his data is showing the economy is already faltering. Williams point out, \u201cIf you believe the GDP numbers, the economy has expanded 25% since the Great Recession, but there is no other number that shows that. . . . I have been contending that we are heading into a new recession. What I am looking at in recovery is that the economy has never really recovered. . . . . The Fed raised rates too much in too fast of a period of time. Had they stretched that over a couple of more years instead of trying to get things back to normal in two years, that might have worked better. What they did was effectively crashed the economy.\u201d<\/p>\n\n\n\n<p>&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Entering Period of Perpetual Money Printing \u2013 John Williams Economist John Williams says be careful what you wish for when it comes to Federal Reserve interest rate cuts. Williams explains, \u201cUnless you can get a good healthy consumer, you are not going to get a good healthy economy. It\u2019s that simple. I think the Fed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[303,431,459,2069,538],"class_list":["post-47400","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fed","tag-interest-rates","tag-john-williams","tag-monetary-system","tag-money-printing"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47400"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47400\/revisions"}],"predecessor-version":[{"id":47401,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47400\/revisions\/47401"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}