容易錢是假繁榮和真破產的食譜材料

容易錢是假繁榮和真破產的食譜材料
Easy Money Is a Recipe for Fake Booms and Real Busts

If you want to assign blame for economic downturns, the first place to look is monetary policy.

Easy Money Has Challenging Consequences
When central banks use monetary policy to keep interest rates low (“Keynesian monetary policy,” also known as “easy money” or “quantitative easing”), it can cause economy-wide distortions, particularly because capital gets misallocated.

And this often leads to a recession when this “malinvestment” gets liquidated.

https://www.activistpost.com/2018/10/easy-money-is-a-recipe-for-fake-booms-and-real-busts.htmlhttps://www.activistpost.com/2018/10/easy-money-is-a-recipe-for-fake-booms-and-real-busts.html