your opinion on monetary policy...?
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02-01-2013, 12:08 PM
Post: #3
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There would be political pressure to do policies that make money freely available. As money becomes more widely available, loan interest rates will drop, businesses will hire new workers. U-3 would likely drop, and if it drops below 4% the policy will be deemed successful, and people will be loving it. The honeymoon will be short lived, some event will reveal the underlying malinvestment, people will be fired, businesses will be liquidated, and the Fed is in a bind.
The question is, how would the Fed be "required" to do this? |
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your opinion on monetary policy...? - Leah - 02-01-2013, 12:00 PM
[] - ejg_dnd - 02-01-2013 12:08 PM
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