Thanks, Gene. The idea seems to be that a coordinated global monetary
gusher would avoid trade wars. However, the reporter senses a problem:
"Yet the backing of aggressive central-bank stimulus has a more
troubling side: Governments appear to lack the resources, or the will,
to lift their economies’ prospects through fiscal policies and economic
reforms, putting all the more pressure on central bankers."
What a pair: fiscal stimulus plus reduced social benefits and more
sweated hours.
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