The worst aspect is: monthly growth of the money supply in 2008 was way higher than it is now; same with the expansionary monetary policies in the aftermath of the crash.
Now, we've ramped up everything before the crash. There's (almost) nothing left for policy-makers to (try to) 'cushion' the severity of the next bust, in particular as that one appears to be bigger than 2008.
Excellent knowledge. Thank you.
The worst aspect is: monthly growth of the money supply in 2008 was way higher than it is now; same with the expansionary monetary policies in the aftermath of the crash.
Now, we've ramped up everything before the crash. There's (almost) nothing left for policy-makers to (try to) 'cushion' the severity of the next bust, in particular as that one appears to be bigger than 2008.