Zero Hedge
By Tyler Durden – June 18, 2022
Cascading Policy Errors
1: Covid hit. Lockdowns that were arguably excusable in the beginning, lingered far too long, affecting far too many businesses. Policy error one.
2: The Fed reacted with QE far to excessive and far too long, continuing all the way until March 2022. Policy error two.
3. Free Money from Congress. Again excusable in the beginning, but the second round by Trump was excessive and the third by Biden was preposterous. Policy errors three and four with Biden getting far more of the blame.
4. Demand shift to goods away from services as a result of the above three items.