Alan Greenspan, former chairman of the U.S. Federal Reserve, said that his country can "pay whatever debt it has because we can always print money to do it." The U.S. dollar has lost 90% of its purchasing power in the past century. A steak that cost $0.36 in 1925 cost $3 in the 1990 s and costs $12 today.
This article is available to Insider Pro subscribers only.Sign in or register to be an Insider Pro and access ALL LOCKED articles.
Texas U.S. Attorney: home health care business owner sent to prison for $10M Medicare fraud
The Fed will still raise rates but does not rule out moderating them when the situation warrants it.
Advisor News
- Metlife study finds less than half of US workforce holistically healthy
- Invigorating client relationships with AI coaching
- SEC: Get-rich-quick influencer Tai Lopez was running a Ponzi scam
- Companies take greater interest in employee financial wellness
- Tax refund won’t do what fed says it will
More Advisor NewsAnnuity News
- The structural rise of structured products
- How next-gen pricing tech can help insurers offer better annuity products
- Continental General Acquires Block of Life Insurance, Annuity and Health Policies from State Guaranty Associations
- Lincoln reports strong life/annuity sales, executes with ‘discipline and focus’
- LIMRA launches the Lifetime Income Initiative
More Annuity NewsHealth/Employee Benefits News
- WA small businesses struggle to keep up with health insurance hikes
- OID announces state-based health insurance exchange
- Cigna plans to lay off 2,000 employees worldwide
- Insurer ends coverage of Medicare Advantage Plan
- NM House approves fund to pay for expired federal health care tax credits
More Health/Employee Benefits NewsLife Insurance News