Re: The official line
It is reasonable to point out the very low interest rates during the pandemic, but in fact, low interest rates were part of the money printing ('quantitive easing" is the euphemism) hat has occurred since the GFC of 2008. Yanis Varoufakis for instance has been railing against this nonsense since 2008, -low interest rates were also the equivalent of a competitive devaluation of currencies. I was writing about this long before the pandemic. The pandemic merely exacerbated the problem. The lockdowns hurt, there's no doubt, but in many places they save many tens of thousands of lives - there is a moral equation here which you shouldn't ignore.
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