Monetary Tightening as “Excessive Monetary Action?”
Tim Duy pretends that rising interest rates is an example of an excessive Fed, but overlooks the true monetary excesses of monetary expansion.
Tim Duy pretends that rising interest rates is an example of an excessive Fed, but overlooks the true monetary excesses of monetary expansion.
If the debt burden is large enough, at some point, even a 0.1% interest rate becomes unaffordable.