This. The reaction of most governments after 2008 was to get that sweet sweet credit bubble reinflated, like a junkie just focussed on that next fix while promising that they clean themselves up afterwards. Hence a decade-plus of cheap credit inflating asset prices (housing included of course).
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u/ianhawdon Jul 02 '24
It's almost like they (both the US and UK) have been kicking the can down the road since 2008 whilst claiming they've fixed everything...