Leta i den här bloggen


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

Inga kommentarer: