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I say strongly that the Fed and Treasury were right in doing what they did [to stimulate the economy amid COVID-19]. The fact that there may be negative unintended consequence doesn't mean that they weren't right ... We're battling problems we've never seen before with weapons we've never seen before, and we certainly can't say that they don't have negative potential
consequences.
Howard Marks
Howard Marks' Take on the Fed's Coronavirus Stimulus Response
#431: Howard Marks on the US Dollar, Three Ways to Add Defense, and Good Questions
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