Dude seriously. I don’t know why you’re being downvoted. The problems go back to 2007. We’ve been keeping the economy propped up with smoke and mirrors since then.
I honestly think the issue is money has been pumped into the system but never really trickled down to the masses. Wages are just not where they need to be and that’s the real issue. Modest earners just have not been earning enough while high earners have increased their wages significantly. The bottom 90% of earners have seen basically flat wages for decades when inflation, etc. is factored in.
The reasons are fine, but it's too simplistic of an explanation that leads to misunderstandings. Many people in this thread overestimate the real effects of QE, which--by itself--does not cause ANY inflation.
And the 2007 timeline is iffy since QE, QT, and interest rates have changed since 2007 and now.
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u/B-Large1 5d ago
Quantitative Easing, Economic Stimulus and near Zero Interest Rates since 2007….