Fed's Trickle-down monetary policy
The Keynesian Fed economists who were dismissive of Reagan’s trickle-down theory
still don’t appear to see the irony in the fact that
they applied trickle-down monetary policy in the hope that by giving a boost to asset prices they would create wealth that would trickle down to the bottom 50% of the US population or to Main Street.
It didn’t.
John Mauldin 17 November 2017
still don’t appear to see the irony in the fact that
they applied trickle-down monetary policy in the hope that by giving a boost to asset prices they would create wealth that would trickle down to the bottom 50% of the US population or to Main Street.
It didn’t.
John Mauldin 17 November 2017
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