The Federal Reserve Didn't Create a Great Growth in Nominal GDP

Five years ago, you looked at what possible triggers could bring about the next phase of financial repression. What has happened in the intervening years that has led us to this point where we are now either on the cusbov or in the process of transition into a new regime? The first and most important thing is that the federal reserve policy, or central bank policy in general, did not create until 20 20, great growth in the supply of money. So if i really want to bring down that to g d p ratio, i am going to need high nominal g d p growth. It didn't achieve that from two thousand nine to two thousand 19, but it kept interest rat slow.