For two decades, markets have not been allowed to clear. Every downturn is met with stimulus policies to sustain the status quo. For two decades, markets have not been allowed to clear. Every downturn is met with stimulus policies to sustain the status quo.
For two decades, markets have not been allowed to clear. Every downturn is met with stimulus policies to sustain the status quo.

Policymakers' coddling of market failure exacerbates cycles of boom and bust

Andy Xie says market volatility is a feature of our boom-and-bust global economy today, and government policies that subsidise speculation by cushioning the downside are to blame

For two decades, markets have not been allowed to clear. Every downturn is met with stimulus policies to sustain the status quo. For two decades, markets have not been allowed to clear. Every downturn is met with stimulus policies to sustain the status quo.
For two decades, markets have not been allowed to clear. Every downturn is met with stimulus policies to sustain the status quo.
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