This is not cheap money, this is dumb money.
When powerful people make stupid decisions, most people will, nevertheless, copycat their wrong decision.
One way or another, reality will smack us in the face and a reckoning will come.
The sad part is that those stupid powerful people will be hit much less than the populus they enslave.
Yeah. Unfortunately. Imagine what we could accomplish if we just redirected some of this dumb money into "dumb" things...like education, infrastructure, health care, battling climate change. But nope, walls, drones, and tech bubbles.
== Higher taxes, more research to prove not "where" to spend the money, but "on what, specifically?".
Ever the problem with government and social science - government is dependent on social science to conduct studies that provide that tax dollars are well spent, and then also required to convince the electorate of the value of that expenditure. It's a tough problem with no easy answers. Effective politicians tend to create public sentiment and then find evidence. Effective outcomes would dictate the order be reversed.
> Effective politicians tend to create public sentiment and then find evidence
It's really stunning when you consider that blowing a trillion dollars on a new fighter jet needed essentially zero popular support, but funding education is somehow so loony that it requires a solid political majority to even think about.
Well that would be true, the largest stock holders are board members so they tell the board to buy stocks, which they happen to have a large position to sell..
