The symptoms of a loss of confidence in money
OECD countries are conduct ing a very expansionary monetary policy, and this situation will clearly persist. Could economic agents in these countries then lose confidence in money? A loss of confidence in money would be seen: Not necessarily from capital outflows since all the countries are conducting the same expansionary monetary policy; From savers switching to real assets: real estate, corporate capital; From purchases of alternative financial assets: gold, cryptocurrencies. We can actually see signs of loss of confidence in money in OECD countries in 2019, as savers are switching to real estate, crypto-currencies and gold.