3 ms·
Yup. It was pretty much all avoidable if policymakers had been more responsible. But they weren’t. Dropping rates to pull wealth from the future into the pres
by adam_arthur 4y ago
Yup.
It was pretty much all avoidable if policymakers had been more responsible. But they weren’t.
Dropping rates to pull wealth from the future into the present finally hit the brick wall of inflation.
This whole scenario has made it clear we’ve been abusing monetary policy for what fiscal policy should have been used for