It's not a bad point, but given that we're near the zero lower bound, printing money doesn't actually seems costly. (I'm more concerned about the moral hazard for businesses, since companies stopped holding cash now that "it's bad, bail us out" is becoming routine.)
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
“Are now confidently telling us how things will be in 6 months, and also that life will be radically different 10 years from now?” It seems like “life will be radically different 10 years from now” is fairly obvious, based on all the other recent 10-year periods.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.