The cost of borrowing remains extraordinarily low. Normalisation is an unprecedented challenge. The crash of 2008, June and November 2017.
Before 2006, to meet their inflation targets, central banks created excessive liquidity to balance the deflationary effects of Chinese trade. The Crash of 2008, December 2012.
The stagflation of the 1970s called into question the effectiveness of government intervention in the economy. “Inflation”, ammpol.wordpress.com/ammiim.
The Positive Money campaign isn’t targeting the kind of banking which was a factor in the 2008 financial crisis, and won’t stop the creation of money by private banks. Monetary sects, March 2014.