There are two reasons monetary policy cooperation might backfire.
Sound Money Project
The high price of bitcoin serves as a reminder of its rigid supply, which might ultimately be its undoing.
In my previous posts, Andreas Hoffmann and I discussed the problem of unintended consequences in monetary policy, particularly as applied to the U.S. Federal Reserve and the European Central Bank in the context of the 2008 crisis.
The Federal Reserve’s (Fed) and European Central Bank’s (ECB) policy responses to the recent financial disasters offer two tales of unintended consequences.