{"id":30998,"date":"2021-10-07T01:00:08","date_gmt":"2021-10-07T08:00:08","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=30998"},"modified":"2021-10-07T10:33:53","modified_gmt":"2021-10-07T17:33:53","slug":"a-history-of-financial-repression-by-lynette-zang","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-history-of-financial-repression-by-lynette-zang\/","title":{"rendered":"A HISTORY OF FINANCIAL REPRESSION&#8230;by LYNETTE ZANG"},"content":{"rendered":"<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide1.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-31000\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide1-1024x768.jpeg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide1-1024x768.jpeg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide1-300x225.jpeg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide1-768x576.jpeg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide1-1536x1152.jpeg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide1-624x468.jpeg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide1.jpeg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide2.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-31001\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide2-1024x768.jpeg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide2-1024x768.jpeg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide2-300x225.jpeg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide2-768x576.jpeg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide2-1536x1152.jpeg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide2-624x468.jpeg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide2.jpeg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide3.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-31002\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide3-1024x768.jpeg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide3-1024x768.jpeg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide3-300x225.jpeg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide3-768x576.jpeg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide3-1536x1152.jpeg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide3-624x468.jpeg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide3.jpeg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide4.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-31003\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide4-1024x768.jpeg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide4-1024x768.jpeg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide4-300x225.jpeg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide4-768x576.jpeg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide4-1536x1152.jpeg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide4-624x468.jpeg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide4.jpeg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide5.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-31004\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide5-1024x768.jpeg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide5-1024x768.jpeg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide5-300x225.jpeg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide5-768x576.jpeg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide5-1536x1152.jpeg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide5-624x468.jpeg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide5.jpeg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide6.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-31005\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide6-1024x768.jpeg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide6-1024x768.jpeg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide6-300x225.jpeg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide6-768x576.jpeg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide6-1536x1152.jpeg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide6-624x468.jpeg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide6.jpeg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide7.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-31006\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide7-1024x768.jpeg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide7-1024x768.jpeg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide7-300x225.jpeg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide7-768x576.jpeg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide7-1536x1152.jpeg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide7-624x468.jpeg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide7.jpeg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide8.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-31007\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide8-1024x768.jpeg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide8-1024x768.jpeg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide8-300x225.jpeg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide8-768x576.jpeg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide8-1536x1152.jpeg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide8-624x468.jpeg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide8.jpeg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide9.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-31008\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide9-1024x768.jpeg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide9-1024x768.jpeg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide9-300x225.jpeg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide9-768x576.jpeg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide9-1536x1152.jpeg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide9-624x468.jpeg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2021\/10\/Slide9.jpeg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>SOURCES:<\/strong><\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-24\/fed-economist-bemoans-criminally-oppressive-social-order?srnd=fixed-income&amp;sref=rWFqAg1Y\" target=\"_blank\" rel=\"noopener\">https:\/\/www.bloomberg.com\/news\/articles\/2021-09-24\/fed-economist-bemoans-criminally-oppressive-social-order?srnd=fixed-income&amp;sref=rWFqAg1Y<\/a><\/p>\n<p><a href=\"https:\/\/www.federalreserve.gov\/econres\/feds\/files\/2021062pap.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.federalreserve.gov\/econres\/feds\/files\/2021062pap.pdf<\/a><\/p>\n<p><a href=\"https:\/\/www.imf.org\/external\/pubs\/ft\/fandd\/2011\/06\/pdf\/reinhart.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.imf.org\/external\/pubs\/ft\/fandd\/2011\/06\/pdf\/reinhart.pdf<\/a><\/p>\n<p><a href=\"https:\/\/www.imf.org\/external\/pubs\/ft\/fandd\/2011\/06\/pdf\/reinhart.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.imf.org\/external\/pubs\/ft\/fandd\/2011\/06\/pdf\/reinhart.pdf<\/a><\/p>\n<p><a href=\"https:\/\/www.imf.org\/external\/pubs\/ft\/fandd\/2011\/06\/pdf\/reinhart.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.imf.org\/external\/pubs\/ft\/fandd\/2011\/06\/pdf\/reinhart.pdf<\/a><\/p>\n<p><a href=\"https:\/\/www.imf.org\/external\/pubs\/ft\/fandd\/2011\/06\/pdf\/reinhart.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.imf.org\/external\/pubs\/ft\/fandd\/2011\/06\/pdf\/reinhart.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; SOURCES: https:\/\/www.bloomberg.com\/news\/articles\/2021-09-24\/fed-economist-bemoans-criminally-oppressive-social-order?srnd=fixed-income&amp;sref=rWFqAg1Y https:\/\/www.federalreserve.gov\/econres\/feds\/files\/2021062pap.pdf https:\/\/www.imf.org\/external\/pubs\/ft\/fandd\/2011\/06\/pdf\/reinhart.pdf https:\/\/www.imf.org\/external\/pubs\/ft\/fandd\/2011\/06\/pdf\/reinhart.pdf https:\/\/www.imf.org\/external\/pubs\/ft\/fandd\/2011\/06\/pdf\/reinhart.pdf https:\/\/www.imf.org\/external\/pubs\/ft\/fandd\/2011\/06\/pdf\/reinhart.pdf<\/p>\n","protected":false},"author":23,"featured_media":31031,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1713],"tags":[45,81,83,822,852,1833,1834,1835,1836,1837],"class_list":["post-30998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-peek-beneath-the-skin-of-the-markets","tag-debt","tag-hyperinflation","tag-inflation","tag-gold-hyperinflation","tag-gdp","tag-financial-repression","tag-nominal-rates","tag-real-rates","tag-treasury-bonds","tag-tax"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/30998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=30998"}],"version-history":[{"count":4,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/30998\/revisions"}],"predecessor-version":[{"id":31032,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/30998\/revisions\/31032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/31031"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=30998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=30998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=30998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}