Do People, Central Banks, or Governments, Learn from Financial Crises?

Short answer: No. The US government and Federal Reserve are now in a bubble to bust to bubble repeating economic cycle and trap -- and they wonder why there is anemic recovery --

When he was asked what people would learn from the whole financial crisis, Jeremy Grantham said, “In the short term a lot, in the medium term a little, in the long term, nothing at all. That would be historical precedent.” (source)

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