It's amazing. We answered a crisis brought on by too much debt with -- more debt. And instead of investing it in things that would have a real benefit to larger

It's amazing. We answered a crisis brought on by too much debt with -- more debt. And instead of investing it in things that would have a real benefit to larger swathes of society (say, infrastructure, education, an even less byzantine and more affordable health system than Obamacare) it seems only to have goosed asset prices and promoted malinvestment. I believe politicians are to blame: they are forcing central banks to try and stimulate the economy in unhealthy ways because they are too cowardly or stupid to promote stimulus programs that might have a chance of boosting real demand.