For sure. The most interesting period in the history of markets, to me, was during the 4tn per month stimulus in US, when oil prices went negative, and the environment in terms of coral and fish stocks took the only spike of recovery seen, whilst the dollar itself went up in value, amongst a whole stack of other surprising results. That was undeniably due to government action, unlike what we are doing now, reacting to things, though I don't think they expected it, otherwise why did it stop.
It was a goldmine of stakeholder analysis. There, if we recognise it, was a glimpse of a different world, a physically sustainable world we could have and maintain indefinitely with the issue of money representing the Joules of energy received and put to use from sunlight, by us.
To do it, we only need to get all countries to accept that it is needed. Personally I believe we are almost there, in the developed countries of the West, but for all the countries we've been variously nasty to, it would be a job now to try to convince them that we are even capable of really having their best interests at heart, as well as our own, without bombing them whilst we are saying it, and right now they are quite enjoying the scene of us going down the pan, even whilst they are dying by the milliions as a direct result of the environmental ruin. The totally wrong business in Eastern Europe is like the final poisoned cherry on the cake of shit we've been forcing them to eat forever.
Sorry, for stating my opinion using not very PhD like language, but this isn't about the PhD for me, it is about a sustainable debt-free world for my daughter, and all the other kids her age, and actually, all of us.
We could fix this in a few years flat, if we moved now to Kardashev Money.
All they need to do, those in control of issue of money, is admit this, announce what it is about, turn on the stimulus, and walk away.
Everything else would sort itself out. As I've said elsewhere, this is when the incentives and motivations of all stakeholders would suddenly become aligned.
