Experimental stimulus is not the solution for what ails the U.S. economy. But such is the environment that we have been operating under over the last several years since the outbreak of the financial crisis. Both fiscal and monetary policymakers have been digging deep into their stash of resources in a seemingly never ending attempt to try and make all of the fundamental problems simply disappear like a really bad trip. But nothing has really been fixed on this endless high. Instead, all that has been achieved is a sluggish, unsteady recovery with capital markets that have been distorted beyond all recognition and a fresh new set of structural problems to go along with the old. And no matter how hard policymakers push, an endless stream of stimulus and spending is unlikely to lead us on healthy trip to a new American dream. Instead, it will likely leave investment markets with an even greater mess and a longer road to true recovery.
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