How much longer can the insanity continue unchecked? It has been nearly a decade now since the outbreak of the financial crisis. And it has been nearly two decades now since the technology bubble. Yet the same misguided policy arrogance that delivered us into the last two messes and threatens to propel us into a third continues on completely unchecked. At what point will the appointed policy makers to which we are at their mercy finally realize that repeatedly doubling down on policies that are not working ends up causing far more harm than good in the end? The time is long overdue for a new approach to monetary policy. The question is exactly when such a change finally occurs, and at what cost.
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