that is not the problem.
the problem is that demand is drying up.
there is too much everything.
cars last longer.
the housing boom, in most areas, is history.
there is too much empty commercial real estate.
automation is taking jobs.
interest rates are zero, because we don’t need anything.
actions by the Federal Reserve System don’t affect anything,
because interest rates are zero.
When the Fed loans money to the banks,
the banks deposit that money at the Fed. nothing changes.
same in Europe.
the Republican party needs to face reality.