Those safeguards might have helped a bit, but the Fed's
Posted on: October 20, 2016 at 13:19:48 CT
JeffB
MU
Posts:
72265
Member For:
21.42 yrs
Level:
User
M.O.B. Votes:
0
ridiculous long term easy money, goose the economy, artificially suppress interest rates were the principle underlying reason for the massive misallocation of assets.
They could have strengthened areas where the bubbles were weakening the fabric but those pressures would have been diverted elsewhere. Perhaps it might have delayed the inevitable, but even that might have made things just that much worse.