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The healthiest long term approach is to let the economy grow organically without artificially low rates or high deficit spending, and not treat marginal decline
by adam_arthur 4y ago
The healthiest long term approach is to let the economy grow organically without artificially low rates or high deficit spending, and not treat marginal declines in asset pricing as a crisis.
Monetary policy was used in place of where fiscal policy was warranted. But at the same time the fiscal excess was far too great over the past two years
The bubble has already been created at this point, no avoiding it now.