The U.S. hasn’t had truly free capital markets in decades. If a reckoning is on the horizon, it will come not as the result of any presidential jockeying but from the effects of over a decade of cheap money.

The U.S. hasn’t had truly free capital markets in decades. If a reckoning is on the horizon, it will come not as the result of any presidential jockeying but from the effects of over a decade of cheap money. https://t.co/5KfTaBDmJU via @nicolegelinas

— City Journal (@CityJournal) December 1, 2019