Interesting take.

I wouldn’t call this increase in money supply as a debt. There really is no one to pay interest to. Traditionally, a sharp increase in money usually means inflation, but if demand falls, that inflation might not happen.

If the low rates are causing money to move back into the stock market, this is not sign these companies are sound. The investors are just parking money out of T-bills.

If American banks are loaning to businesses who are severely affected by Covid-19, expect another banking crash. Even at near-zero rates.

Dave Volek is the inventor of “Tiered Democratic Governance”. Let’s get rid of all political parties! Visit

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store