The Unintended Consequences of The Greatest Economic Experiment

As you must realize the central banks of "advanced market economies," the U.S., Great Britain, Western Europe and Japan, for starters, have for the past 5 years consistently lowered interest rates to zero and swollen their balance sheets quite enormously-- a coordinated and unprecedented policy on which the stability of the global economy rests. The intended consequence of this deliberation was to stimulate asset prices, household wealth and consumer activity such as to restore a semblance of ec...