4 ms·
Post-2008 tried really hard to be a deflationary period. Instead, the Fed intervened ($4 trillion evaporated, and the Fed created another $4 trillion through Q
by AnimalMuppet 2y ago
Post-2008 tried really hard to be a deflationary period. Instead, the Fed intervened ($4 trillion evaporated, and the Fed created another $4 trillion through QE), and we got a flat decade. Compared to the 1930s, that was a massive step up.