MT Archived Yellen States She Will Make Americans Pay a Penatly For Holding Cash if Economy Sours (reuters.com)
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MT Archived Yellen States She Will Make Americans Pay a Penatly For Holding Cash if Economy Sours (reuters.com)
submitted ago by brother_tempus
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[–] novictim ago (edited ago)
"QE1, QE2, Operation Twist, QE3," = Monetary policy as does ZIRP
The Keynesian policy I am talking about is the fiscal spending side I suggested. That is a huge difference. Your concern about spending = deficit is interesting only in terms of people not being able to identify reality from ideology. Cutting spending can just as easily raise debt as spending more. Debt must be defined against GDP/Tax receipts.
It is so DULL to have to do Econ 101 for you here. Really!
There is s time and place for budget cuts and austerity and it usually occurs when you should be raising tax rates. You guys need to free yourselves from the family budget model/cartoon model of macroeconomics. None of this is rocket science. If you can grow a garden then you can understand when fiscal stimulus policy is appropriate.
BTW: I'm protected as well. Good for you for seeing to your own interests. We need a lot more of that.