|
REAL TIME SPOT PRICES
Bitcoin Average: $61376.91
Gold: $2393.6 Change: $15.7
Silver: $28.39 Change: $0.2
|
|
|
News Link • Federal Reserve
Print Money. Mail Everybody a Check.
04-02-2013
•
slate.com
America has grown desperate for smart ideas to revive a flagging economy. Sunday night in the Financial Times I read one of the most desperate: an op-ed by UCLA economist Roger Farmer arguing that the Federal Reserve should deliberately re-inflate a new asset price bubble to goose the economy. It’s a # slatepitch too far for me, but the conclusion is driven by two fairly reasonable arguments. One is that the economy continues to suffer from weak aggregate demand.The other is that reviving the economy through large-scale public works expenditures is likely to be ineffective and inefficient. The former is clearly correctâ€"unemployment remains high and inflation lowâ€"and though the latter is somewhat controversial, I think it’s true.
Read Full Story
|
Reported by
Robert Lee
|
•
•
|
Join us on our
Social Networks |
Share this page with your friends
on your favorite social network:
|
|
|
|
|
Additional related items you might find interesting: |
|
Tags: america, desperate, revive, flagging, economy, sunday, financial, desperate, economist, farmer, arguing |
|
|
|