One result of goosing the economy with too much money is inflation. The other result is a series of asset bubbles that allow for consumption out of the industrial base or out of home equity and debt. The latter replicates the wasting of the natural capital base.
It makes so much sense. The seventies oil shock was a rehearsal to see what would happen, not unlike the first attack on the WTC. The Cheney/Bush administration oil shock was the real deal, not unlike 9/11/2001.
This time they got it right.
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