The consequences of bad monetary policy often lag the policy decisions by significant time periods (25 years for deficits, 3 years for inflation, years for asset bubbles), making it difficult for people to connect cause and effect and therefore hard to build political support for sound policies.
causalpending
Speaker
Bill FleensteinEvidence Quote
“consequences...can lag the policies by quite a long time...And while you're pursuing the bad policies, everything seems fun”
Source
Bill Fleckenstein: We've Gone Past The Point Of No Return, Only An Epic Crisis Can Fix— The Julia La Roche ShowCreated: 8/11/2026, 5:23:30 AM
My Notes
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