Biggest central bank mistake?
That they are bailing bankers and not bank customers
Second it. Financing golden parachutes instead of normal middle class life
I think those stimulus is try to stimulate the economy and decrease the unemployment rate and as you said, it's just a short term fix and not going to work forever and at some point they will decrease/stop the stimulation due to inflation.
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I was wondering what you think was the biggest mistake made by any central bank since 2008?
I think all central banks failed together and am a big opponent of stimulus as it only applies a short term fix hoping it will buy the economy time, but at some point someone has to pay for the stimulus which in my opinion is far worse than a recession from which sustainable growth can be achieved.
I think there are quite a few historical cases which show that stimulus does not work and ends up being counter-productive. It is terrible that central banks act in order to please investors and not in order to create an environment for stable as well as sustainable economic growth.