7th September 2021
- Recent US withdrawal from Afghanistan has caused a rethink of American global hegemony
- More worrying are the striking similarities between the impossible nature of US objectives in Afghanistan and the steadfast adherence of the Fed (and others) to ineffective policy tools in pursuit of equally unattainable outcomes
- Inflation can pile pressure on the Fed via political turmoil, but the greater problem with current policy is the severely distortive impact it has on economies, societies and financial markets
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