Quote:
Originally Posted by opendoor
There are actually a lot of unsettling similarities between now and the late '60s in the US. Very low unemployment, supply shortages, the central bank maintaining stimulus policies well past when they were needed in the prior years, large deficits, and eventually the beginning of high inflation. Essentially, monetary policy had pushed for faster growth and higher employment than is consistent with price stability.l.
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At least in the 60s they got some output by spending their way out of it and actually got something.
This time around they simply flooded the market with cash and have nothing tangible to show for it.
That's the big difference for me.