In other words, the unstablelimitcyclewill be bifurcatedfrom the originalasymptoticalstableequilibrium pointatanotherhigherseriescompensationlevel, and the system dynamics will change.
This unfortunate policy cycle delays the rebalancing of world accounts that is needed to restore economic equilibrium, and it can freeze the kind of private investment that is needed to get the developed economies going and to boost supply in the emerging markets where there is currently an excess of demand.