In the blurry world of conflicting economic indicators and forecasts and policy surprises, activist policymakers at the Fed do not know exactly what the “right” monetary policy is today. Neither do their activist critics.
"The biggest problem, not only economically but also politically, is the debt problem. It is unimaginable, how this madness of creating more and more debt and just pushing the economy by inflating the money supply will end."
Despite the manifest failure of the liberal hegemony program, its neoconservative advocates have retained their influence. They are rarely called to account for their mistakes, but continue to be treated as if they are experts.