Interesting watch from American PBS. The ineptness of 20+ years of Congress to formulate policy almost makes the FED actions “understandable” - the govt wouldn’t formulate policy, and they acted with the tools (an array of hammers) they had.
Still, the TLDR is “we’re so screwed.”
PBS: FRONTLINE - The Age of Easy Money
https://www.pbs.org/video/age-of-easy-money-osu8cj/
#endthefed