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Tuesday, November 13, 2012

GOP: Get a grip.

http://online.wsj.com/article/SB10001424127887324894104578114791679213644.html

1 comment:

Jim G said...

"second great recession, which will inevitably hit when the Federal Reserve can no longer float the economy in pools of free money"? What the heck does that mean? The Fed can always float free money unless needlessly stopped by Congress. I think the second great recession will come when Congress starts hauling back in that "free" money in the form of higher tax collections and clamps down on its distribution in the form of cuts in government spending. I'm afraid I have to come down on the side of MMT for this one.