Bringing a demand-side bazooka to a party with no supply
My British colleague Roger, now in lockdown in the UK, is the one who came up with the title phrase. He said, from an economic, policy and market standpoint, this is the key question to ask. In terms of the policy apparatus now in place, as he phrased it:
I think we should discuss the risks of bringing a demand side bazooka to a party where there’s no su…