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Macroeconomic Policy, Myth of Effectiveness
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5/1/2015 8:26:18 AM
Posted: 1 year ago
If macro-economic theory was effective America should be needing restrains to curtail the overheating, but the central planners at the Fed, are still taking a wait and see approach. These best and the brightest armed with highly researched macro ideas can not an economy to a piont to end expansionary monetary policy.
As David Stockman writes, after 15 years of mostly stimulus and America has nothing to show for it.
But, stories of the horrors than everyone was saved from will continued to be told.
A free market anti-capitalist
If it can be de-centralized, it will be de-centralized.