It’s about right except what he said about it being about the past 4 years.
He doesn’t understand economics 🙄
Unfortunately the medicine has to be cold Turkey
Haven’t fact checked this but seems about right. https://nostr.build/av/d02c5506951880acce859c0c9d5695eeed2db4ee30853f89e7d7702cda9da1df.mov
Discussion
Cold turkey? What you mean?
Yeah he doesn’t get that the interest rate suppression was mainly responsible for the limited burden in the 2019, but tons of new money (debt) had been issued. The problem has been building for a long time, 20 years minimum depending on what exact imbalance we’d like to pinpoint.
2019 wasn’t a good era for the monetary system, it is the interest rate manipulation we are having to pay for today.