Tom writes:
The problem is that the debate will be limited to bailing out the big
bourgeoisie with cuts in the Federal funds rate and cheap funds at the
discount window. If the Fed chose instead to give every citizen a $1,000
grant, I don't think anybody would argue that the powers of financial
Paul A
Have a feeling the "limits of financial policy" issue is likely to be a key
policy debate in an upcoming crunch?
it's clear that monetary policy has its limits, since Greenspan has been
failing to slow the economy down for months now.
If the US has anything close to the Bubble Economy
Jim Devine wrote:
Paul A
Have a feeling the "limits of financial policy" issue is likely to be a key
policy debate in an upcoming crunch?
it's clear that monetary policy has its limits, since Greenspan has been
failing to slow the economy down for months now.
The problem is that the
Jim Devine wrote:
it's clear that monetary policy has its limits, since Greenspan has been failing to
slow the economy down for months now.
The major econometric models predict that a 25 basis point increase in the
Federal funds rate will decrease the rate of growth of GDP by one-tenth of
a
