Financial Repression: How the US Government Will Quietly Confiscate Your Wealth

Financial Repression: How the US Government Will Quietly Confiscate Your Wealth

When I first heard the term “financial repression,” I thought it had to be a joke. Why would governments and central banks use a term with such a negative connotation? Even people who are financially illiterate can understand that financial repression is a bad thing. Simply put, financial repression is a strategy governments use to reduce their debt burden by manipulating interest rates below inflation. It allows them to borrow in dollars and re…