For those who aren't well macro-versed, the days of unbounded QE are over and we're in uncharted territory. QE has been the faux-solution du jour since Japan invented it in the 1980s (ref. 40 yr lost decade) & every CB since copied them despite fact it never worked. Smart crypto? https://t.co/nfdomuSb7h
对于那些不熟悉宏观经济的人来说，无限量量化宽松的日子已经结束，我们正处在一个未知的领域。自从日本在20世纪80年代发明量化宽松以来，量化宽松一直是一种人造的解决方案；此后，每个CB都复制了它们，尽管事实上它从未起作用。智能加密？https://t.co/nfdomuSb7h