An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Tuesday, September 18, 2012
Kelly Evans — US Fiscal Drag is World's Problem—Cliff or No Cliff
"Obviously, the Fed is counting on financial markets to leverage its spending into much larger increases in asset prices and, more broadly, to spur confidence, hiring and investment."
Obviously, the Fed is smoking something, and hoping the Confidence Fairy lights up too.
"Obviously, the Fed is counting on financial markets to leverage its spending into much larger increases in asset prices and, more broadly, to spur confidence, hiring and investment."
ReplyDeleteObviously, the Fed is smoking something, and hoping the Confidence Fairy lights up too.