Doom-Loop I: "Bringing Demand Forward" Will No Longer Save Us
The fantasy is that inflation will plummet to zero and we can all go back to "Bringing Demand Forward." The reality is what's plummeting is demand.
The US economy has been saved time and again over the past two decades by this one weird trick: "Bringing Demand Forward" by lowering interest rates and lending standards so Americans could continue to buy stuff they didn't really need because the monthly payment dropped as interest rates were pushed toward zero.
Every time the economy faltered, the Fede…
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