“If one truth concerning economic crisis has been established… it is that they are typically brought on by cheap money- i.e., low interest rate policies that encourage excessive borrowing, excessive credit expansion, imprudent speculation, and all the distortions and instabilities in the economy that these finally bring about…. A policy of cheap perpetual money [produces] boom and bust, [not the perpetual quasi-boom that Keynes promised.]”

From “Where Keynes Went Wrong… And Why World Governments Keep Creating Inflation, Bubbles and Busts.” By Hunter Lewis