A Fourth Round of Stimulus in a Single Growth Cycle
07/26/2019, Brendan Brown
The longer the signals in capital markets go haywire under the influence of “monetary stimulus,” the bigger is the cumulative economic cost. That is one big reason why this fourth Fed stimulus — in the present already-longest (but lowest-growth) of super-long business cycles — is so dangerous.
https://mises.org/wire/feds-dangerous-game-fourth-round-stimulus-single-growth-cycle
