You simply cannot grasp the economic big-picture without understanding how Federal Reserve monetary policy drives the boom-bust cycle. The effects of all other government policies work within the Fed’s monetary framework. Money-printing and interest rate manipulations fuel booms and the inevitable attempt to return to “normalcy” precipitates busts.
https://www.lewrockwell.com/2019/07/no_author/how-the-fed-wrecks-the-economy-over-and-over-again/
