Beware Of The ‘Permanently High Plateau’ Fallacy
by Jesse Colombo Last week, venture capitalist Chamath Palihapitiya said that central banks have virtually eliminated recessionsthrough their aggressive monetary stimulus programs such as quantitative easing (QE) and record low interest rates – “I don’t see a world in which we have any form of meaningful contraction nor any form of meaningful expansion. We have completely … Read more