I wish western world central banks were as competent. In a situation of sudden supply constraints, prices are supposed to adjust up. This is basic supply and demand.
Western world central banks tend to pressure prices down during economic shocks by withholding liquidity. This puts private markets in a gridlock and causes untold amount of damage to people's careers.
Western world central banks tend to pressure prices down during economic shocks by withholding liquidity. This puts private markets in a gridlock and causes untold amount of damage to people's careers.