David Frum: "There's actually two original sins of the economic crisis" He says we overreacted to lockdowns by printing all of this money, both fiscally and through expansionist monetary policy. The zero interest rate policy that began in 2008, 2009, we broke the glass in case of emergency Totally,. And then it just became standard like it was on autopilot. If you have these irrational central bankers willing to constantly bail people out, you will never get a high functioning government because policy is irrelevant.