akapital

Impending Inflation? The Global 'New Deal' All but Guarantees It

well, when I think of New Deal I think of FDR and the U.S. gov't itself spending loads of money on infrastructure (roads, bridges, schools, etc.). That was a catalyst that jump started the U.S. economy and the recovery from the great depression

So if we do truly have a sort of Global New Deal where gov'ts start spending I think that will indeed get to the consumer sooner rather than later and spur growth and perhaps inflation.

There are many large scale initiatives that many would argue global gov'ts need to invest in now:

1. Improve Water treatment, clean water preservation
2. Clean coal technologies
3. upgrade grid technology
4. alternative energy developments
5. public schools & public hospitals
6. highways and bridges