"They reduced interest rates into negative territory, engaged in massive amounts of quantitative easing, and failed to get their desired outcome. In his farewell press conference, the former president of the European Central Bank also said they have no idea how it works, and maybe it was time for new thinking on the subject."

Under the subheading 'Mainstream economists and pundits don't know much'

Mario Draghi and the boys at the ECB--as well as the Fed--did QE and interest rate tweeking for a decade. From what I've read, they didn't have much impact, beyond boosting corporate balance sheets.

But I'm falable. Thanks for coming back to the thread.