I don't know a lot, granted. But my understanding is that the *big* problems started happening in '95, when The Fed decided they were smart enough they could actually *control the economy.* That's how dumb they were. And if anything untoward popped up, they had all the tools to *fix* it all up. No problemo. AFAIK, they just didn't k…
I don't know a lot, granted. But my understanding is that the *big* problems started happening in '95, when The Fed decided they were smart enough they could actually *control the economy.* That's how dumb they were. And if anything untoward popped up, they had all the tools to *fix* it all up. No problemo. AFAIK, they just didn't know when to *stop* fixing things.
The rest, as they say, is history. Actually, that's about all I know about it, FWIW.
I don't know a lot, granted. But my understanding is that the *big* problems started happening in '95, when The Fed decided they were smart enough they could actually *control the economy.* That's how dumb they were. And if anything untoward popped up, they had all the tools to *fix* it all up. No problemo. AFAIK, they just didn't know when to *stop* fixing things.
The rest, as they say, is history. Actually, that's about all I know about it, FWIW.