“ Everything the Fed has been doing over the past fifteen months makes sense if you think of their goal as transferring wealth from taxpayers to banks. If you try to explain it as an attempt to implement an expansionary monetary policy, you won’t even get past my high school students.
Thoughts on the Macro Paradigm, Arnold Kling | EconLog | Library of Economics and Liberty
posted 3 weeks ago | Permatime
Tags: government intervention politics economics