When Hard Money Men Turn Soft

  • On the right, economic orthodoxy (sound money, sound public finances and free trade) which was defended vigorously a decade ago when it was less helpful are shredded with amazing ease.
  • On the left, always more open to forms of stimulating the economy, many embrace MMT and a really ambitious increase in public spending.
  • When even hard money men turn soft and we’re apparently all Keynesians now, how does this change the investment landscape?

Source: When Hard Money Men Turn Soft | Seeking Alpha