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2017-11-21

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

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