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I think this is a very concise way of putting it. This is essentially why I don't think further stimulus or monetary policy tweaking is going to help us. We ha

I think this is a very concise way of putting it. This is essentially why I don't think further stimulus or monetary policy tweaking is going to help us. We have gotten drunk on overspending. Drinking more won't remove the hangover. We just have to sober up and wait.

khafra 15y ago
Every time I hear the inebriation metaphor applied to monetary policy, it makes me want a drink.