- Claudio Borio, 2014
Furthering budget deficits without any austerity to bring government expenses back to normal, that is normal.
Driving monetary policy back to lower levels even with inflation still above target and price levels too high, that is normal.
Not having clear policies other than that there is a focus on data, that is normal
Using monetary and fiscal policy to solve structural problems, that is normal.
Changing the rules of antitrust policies, that is normal.
Adding more regulation to control prices that are the result of government inflation, that is normal
Using tariffs as a form of industrial policy, that is normal.
Using sanctions to punish countries but not enforcing them, that is normal.
The list can go one, but the abnormal cannot go on forever.
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