Varoufakis, Yanis - Financialisation, Economy, Society & Sustainable …
The Crash of 2008 is often blamed on the Fed’s overly ‘loose’ monetary policy after 2001 (see Taylor, 2009, 2010). In … short, the argument goes, American monetary policy was too ‘loose’ for four years between 2002 and 2006; and too ‘tight …’ monetary policy by the Fed. It argues that, by the end of the 1970s, the Bretton Woods system had been replaced with a ‘brave …