• DANIEL RODRÍGUEZ

Friday, February 14, 2020 - 10:46 p.m.

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The global economy has become addicted to public stimuli. Massive declines in interest rates, which began in 2000, received a new boost in 2006 and, after the outbreak of the crisis, were complemented by direct injections of money (quantitative expansion or QE). This strategy has led the Federal Reserve to maintain 20% of US GDP in its balance; to the European Central Bank, more than 40% of the eurozone, and to the Bank of Japan, m

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