By Anonymous on Jan 10, 2018
In response to the 2008 financial crisis, the Fed and other central banks deployed zero or near-zero interest rates, quantitative easing and assorted other interventions.
These may have averted an even worse disaster, but their impacts were far from ideal. Nonetheless, the economy slowly lifted off as consumers rebuilt their balance sheets and asset values rose.
The asset values climbed in large part because the Fed practically forced everyone with money to invest it in risk assets: stocks, real estate, corporate bonds, etc. But as my long-time Thoughts from the Frontline readers know, the Fed’s trickle-down monetary policy hasn’t really worked
