An alternative explanation is that adherents of the anti-establishment narrative truly believe that the future will be brighter once current institutions are swept away and are acting coherently with that world view. History has proven that accidents are possible, that protectionism can succeed periods of free trade.
But as I mentioned above, it is reasonable to expect that when we do eventually need to reduce monetary stimulus, our first move will be to raise the target for the overnight rate—our policy interest rate. Conclusion Let me conclude. The economic recuperation from the pandemic continues to be bumpy and uneven.