Central banks may be accidentally subsidizing government borrowing through their efforts to prevent a repeat of past market blowups, and policymakers are starting to worry, writes WSJ’s @jmackin2

You are currently viewing Central banks may be accidentally subsidizing government borrowing through their efforts to prevent a repeat of past market blowups, and policymakers are starting to worry, writes WSJ’s @jmackin2

Central banks may be accidentally subsidizing government borrowing through their efforts to prevent a repeat of past market blowups, and policymakers are starting to worry, writes WSJ’s @jmackin2




By becoming market makers of last resort, policymakers are pumping up leverage and risk.
2026-08-16 02:00:00
James Mackintosh