Fiscal Policy Now Hamstrung

The transcript discusses the cautious approach of large firms in economic recovery, the impact of new capital requirements on lending, and the debate between prioritizing recovery or reform. It highlights the reliance on quantitative easing (QE) as a tool for economic stimulus and the potential risks of another financial crisis. The discussion references Keynes' advice to prioritize recovery before reform and critiques current economic policies.

In what ways might quantitative easing (QE) be seen as a double-edged sword?

What are the implications of relying on quantitative easing as a primary economic tool?