EDV - We're Fighting Deflation Not Causing Inflation... Yet
By Brian L. Giuliano, CFA
The global economy has been brought to its knees by COVID-19, with a collapse in demand unlike anything seen since the Great Depression. Economic shutdowns and social distancing policies have led to mass unemployment and the near-term impairment of entire industries. Authorities have responded with an array of public support policies that have led to trillions in deficit spending and massive monetary easing campaigns. While sweeping policy response is probably better considering the scope of the current crisis, it's fair to wonder about the longer-term implications of these extreme and