This article is no way reflects reality. There's a reason the "money printer go brrr" meme is blowing up. There is already significant outrage about the moral hazard of what's being done by the fed, and the sentiment is growing. This article reeks so badly of blantently trying to control the narrative to the advantage of the elite that it's disgusting. Rather than let companies that made shitty decisions die and let capitalism operate, we're creating a horde of zombie companies that are going to plague our economy for decades.
Welcome to the beginning of the lost decades. With these policies, it's going to decades before we see any true economic growth in the US.
100% agree with everything except that this is the "beginning" - I think we're a couple iterations in already. It's just so widespread and deeper than before that people are seeing it more.
0% interest rates are purely to encourage consumption now instead of later. But unfortunately, the bill always - usually? - comes due. Unfortunately, most of the common indicators, signs, and metrics are detached from each other. Maybe they always were (Keynes vs Hayek) but now they're going opposite of where "common sense" says they should.
In a sense if we can collectively agree that the future will be better... we're all fine. We are in a crisis but there is really no reason that if the world stopped improving _today_ we would not be fine as a species. Good, even, if we redistributed wealth from hoarders.
Alas, said hoarders are the ones who make everyone else believe that The Line means more than anything else.
Welcome to the beginning of the lost decades. With these policies, it's going to decades before we see any true economic growth in the US.