Fresh fight over cheap money triggered by BIS
*It doesn’t make sense to think governments can cut their way to
prosperity when demand for goods and services is already weak. Yet it’s
also hard to fathom that more spending and more debt can solve a problem
whose origins trace to overspending and excessive debt.
The hard truth might be that time, more than anything, is the best
cure. But that’s not the answer politicians and millions of unemployed
people want to hear or that many central bankers are willing to accept.
“Though no one dares say it, there may be no plausible set of
policies to neutralize all the forces retarding growth,” Samuelson
suggested. It’s an uncomfortable thought.*
I personally want to hear where the " F " has all this money gone over the last 5 years?
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