they make the recession or depression last much longer than if they did nothing
they make the recession or depression last much longer than if they did nothing
Agreed.
But again, if you were in charge of the FED and ALL indications are that the country is heading into a deep depression, would you, without hindsight, try to STOP the depression or just let it play out?
You would try to stop it.
Do you think if the FED did nothing back in 09, this deflationary cycle would have been over by now?