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Markets Made of Glass—How the Fed Destroyed Economic Resilience
Manage episode 453525655 series 2663738
For nearly 30 years, the Fed has pursued an easy-money policy that has made the economy increasingly dependent upon the next round of “stimulus.” Reversing that policy will mean, at least in the short run, a stiff recession before the economy rebounds, which is a non-starter today.
Original article: Markets Made of Glass—How the Fed Destroyed Economic Resilience
1410 епізодів
Manage episode 453525655 series 2663738
For nearly 30 years, the Fed has pursued an easy-money policy that has made the economy increasingly dependent upon the next round of “stimulus.” Reversing that policy will mean, at least in the short run, a stiff recession before the economy rebounds, which is a non-starter today.
Original article: Markets Made of Glass—How the Fed Destroyed Economic Resilience
1410 епізодів
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