Are central bankers tinkering with interest rates too much?

Central banks face a Herculean task to keep economies right-side up.

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  • In the shadow of COVID-19, we're rapidly approaching the point where there's nothing to buy, and no one has any money to buy it with.
  • Central bankers have responded to the coronavirus's economic fallout by tinkering with interest rates and instituting quantitative easing (QE) plans.
  • Artificially lowering interest rates essentially incentivizes debt and discourages fiscal responsibility, whereas other measures, such as subsidized furloughs, may be more effective and better suited to the current situation.
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