We can debate politics, fiscal policy, monetary policy and more all we want. Government's, corporations and individuals all need to get their own fiscal house in order. Financial matters isn't magic.
We have a very serious issue on our hands globally with the level of asset prices, speculative bubbles, corporate debt, government debt and a general lack of financial understanding amongst people as a whole.
Just because the people in charge at the central banks across the world are smart, financially asute people, doesn't mean they don't make mistakes. They have made a ton of mistakes. My concern is that WHEN the next financial crisis strikes extremely hard, and it's only a matter of time until it does, do central banks have the tools in the tool box to deal with it? Is the answer lower rates, more borrowing, more cars, clothing, boats, vacations and more? Or are we headed more towards a 1930 era depression of significant hunger and more?
Here is an excellent documentary highlighting a lot of the problems and how the people we trust in power, have made a mountain of mistakes. This is an excellent, well rounded documentary showing how we have gotten hooked on cheap credit and it's affects on the economy. This isn't some conspiracy filled show, this features some of the highest people in finance saying some very scary things about where we are.
I can't seem to get the link, but credit to Fuzz for finding one Canadian's can watch.
https://www.dailymotion.com/video/x8j4fum