A guy took his mother to one of the most famous and influential cancer specialists in the world. The doctor told him that his mother has a late stage cancer and she is probably not going to make it. An administrator come in and whisper in the guy’s ear that he can cure his mother. He suggested a much easier payment plan and low interest on the balance for the cost of the treatment. He also told the guy that he is going to write him a check of a little bit of money.
Mother passed away after couple of days and the guy is stuck with the “easy payments” the rest of his life most likely. That was the story of Central banks all around the world trying to cure the Coronavirus with lowering interest rates.
They know that it is not going to work. Since 2009 we have been on next to zero interest rate and have inflated the FED balance sheets by 4 Trillion dollars. We have taken out twice that much in national debt. And the United States unfunded liability is about to hit 130 Trillion, with a T. That is right (https://usdebtclock.org/). That, to my knowledge did not cure any diseases. And if all that stimulus did not do it, I do not think more of the same will.