4 ms·
You only need to go back as far as the 2000s to see interest rates of 6+ percent. I'm not sure anyone would consider that "easy monetary policy." Also, you do
by pembrook 6y ago
You only need to go back as far as the 2000s to see interest rates of 6+ percent.
I'm not sure anyone would consider that "easy monetary policy."
Also, you do know that inflation and boom-and-bust cycles still happened while we were on the gold standard right?
- natenthe 6y agoBusiness cycles and asset inflation are different. Business cycles are natural to capital markets, asset inflation is caused by massive artificial injections of money (a la quantitative easing).