Bob Rodriguez on the Fed's response to the March Covid panic

Q: How should the Fed have responded? 

Rodriguez: I don't think it could've done virtually anything different because it had become a prisoner of its own policies enacted over the prior decade. Those policies rewarded excess and encouraged speculation. It was too late to respond differently; the die was cast.

~ Bob Rodriguez, "Bob Rodriguez: We are in a Rolling Depression," by Robert Huebscher, Advisor Perspectives, September 7, 2020