"And so Mario Draghi and Ben Bernanke will try to sell us 76 more trombones. Sooner or later we'll discover that their money illusion can't save an economy from its more fundamental problems, and that they may even be interfering with the faster growth they want. \\ Near-zero interest rates have disguised the cost of the government's fiscal mismanagement. By keeping the Treasury's borrowing costs artificially low, the Fed has reduced the urgency to cut spending and guaranteed an explosion in financing costs when interest rates do inevitably rise." - Adriano