@bswud In other words, why build a capital asset that pays off only over 15 years if CBs and state actions likely wreck the EV in two years?
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@Meaningness so I'm broadly with you here, but I don't think that's the point of QE. In my view QE intended to meet spiking demand for money -
@Meaningness crisis -> uncertainty -> higher demand for money. Central bank should meet this by expanding money supply - 19 more replies
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