"The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek
Wednesday, July 25, 2012
Sounds like a whole lot of nothing to me....fiscal policy is the key and the president wants to raise taxes with growth around 1%. Maybe if the Fed sextupled their balance sheet it would finally matter on the margin?
"Maybe if the Fed sextupled their balance sheet it would finally matter on the margin" - nope, not with IOR.....
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