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Still your opinion. In order to accomplish the above, monetary experiments at a level never before seen were needed. The QE experiment is, at best, half over (
by etr-strike 9y ago
Still your opinion. In order to accomplish the above, monetary experiments at a level never before seen were needed. The QE experiment is, at best, half over (they still need to get rid of all the assets they purchased). Driving interest rates below the rate of inflation has caused debt to accumulate in all areas of the economy.
The fact that you think the impacts of the financial crisis are behind us is hilarious. Just wait till the municipal debt starts to crumble. Places like Chicago and Puerto Rico have only been able to sustain themselves because of the low interest rates on debt. The actions of the Fed didn't fix anything, they just kicked the can down the road.