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> Quantitative easing was born out of Bernanke's deep study of the Great Depression But the Great Depression was caused by a financial crisis, that led to a ‘r
by mr_toad 7y ago
> Quantitative easing was born out of Bernanke's deep study of the Great Depression
But the Great Depression was caused by a financial crisis, that led to a ‘real’ crisis. This is the opposite, a real crisis that will lead to a financial one.
And during the Great Depression, people could still have worked - if there were any jobs. This is not true now. People simply can’t work.
It’s all very well being able to get easy money, but if you can’t get any workers, you still can’t start a business.
A lot of money chasing fewer goods can only have one consequence in the long term.
- TheSpiceIsLife 7y agoYou write in very final terms: simply can’t; that lead to a financial one (as though the financial crisis isn’t real). But seem to be overlooking @JumpCrisscross’ main thrust of: long after its cause had subsided ... after the infection has passed. It seems reasonable to predict the current restrictions won’t exist in perpetuity.
- jacobr1 7y ago> It seems reasonable to predict the current restrictions won’t exist in perpetuity. And even if they do linger on for a long time (years) then businesses will also need sufficient liquidity to adapt to a new normal. Startups created to fulfill any new or newly important needs.