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IMHO, the revolution is the quick fed and congressional response in terms of stimulus. The mindset allowing it was a very long time coming, going back to lesso
by jhallenworld 6y ago
IMHO, the revolution is the quick fed and congressional response in terms of stimulus. The mindset allowing it was a very long time coming, going back to lessons learned from the great depression, the dropping of the gold standard, observations of Japan's lost decade, but more recently the observation that all of the quantitative easing from the 2008 crash did not lead to horrible inflation.