There was an election in this country last fall. Before the election, the then government boasted about our strong domestic economy and that all the barns were full.
The government was re-elected and eight months later they say that we are facing our biggest challenge in 100 years. If you (like this country) have zero interest rates during a boom, there are absolutely no tools available when the recession comes.
Instead, one can compare the prevailing economy with a Red-Bull dependent teenager who despite huge caffeine intake is constantly tired.
Like a teenage parent, one can only keep up with the journey no matter what you think.
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Austrian School of Economics for the win
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