[Stu from NYC]

Originally Posted by melpetezrinski

You are definitely correct in saying that "money has been too cheap" but I don't think for "most of this entire century". Remember, we came out of the closest thing to the depression back in 2008-2009. The fed DID need to make money accessible and cheap. However, they pulled back on it too slowly and then reversed course during the pandemic, which was obviously, the wrong decision. They could have realized that early enough in the pandemic but stuck with the opinion of a "transitory" inflation thesis. That was their real BIG mistake. They are now trying to get ahead of what is "sticky" inflation and stop sugar coating the outcome to the American people. There is no soft landing in these dire situations. It's only how hard of a recession we will incur and how high unemployment will grow. Yes, it's not easy to tell millions of people that you WILL lose your job and you WILL suffer economic hardship due to our mistake.

Very true