Monday, August 15, 2016

SF Fed - more stimulus



http://www.frbsf.org/economic-research/publications/economic-letter/2016/august/monetary-policy-and-low-r-star-natural-rate-of-interest/

The point of this long article by the president of the SF Federal Reserve Bank about natural interest rates is two things.

One.  He wants more stimulus to create more inflation; above the 2% target.

Two. He wants massive deficit spending.


Seriously, you don’t have to read it now.

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