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Booms and BustsBusiness Cycles
Booms and BustsFinancial MarketsPhilosophy and MethodologyPolitical Theory
Booms and BustsU.S. Economy
Booms and BustsCapital and Interest Theory
Booms and BustsMedia and CultureBusiness CyclesPolitical Theory
Booms and BustsTaxes and SpendingBusiness Cycles
Booms and BustsMoney and BanksBusiness CyclesMoney and Banking
Big GovernmentBooms and BustsMonetary Theory
All governments are firmly committed to the policy of low interest rates, credit expansion, and inflation.
Central banks never recovered and "normalized" their balance sheets after the 2008 crisis. That means the current system is very fragile.