And who’s fault is that? Profit runs the economy, not debt.
The United States is “drowning in unemployment,” its economy is running at stall speed and inflation is “not a problem,” but easier monetary policy is not the answer, one of the Federal Reserve’s most hawkish policymakers said on Friday.
Obviously someone else does the grocery shopping….
“We’ve had a recovery that is quite disappointing,” Dallas Fed President Richard Fisher told a group at the University of Texas at Dallas.
But without more certainty on tax policy and regulation, he said, “all the monetary accommodation in the world” will not get businesses hiring again.
What recovery was that?
The Fed this month said it would buy $40 billion in mortgage-backed securities each month to in an effort to boost employment, and pledged not to stop buying until the labor market improves substantially, as long as inflation remains under control.
Printing ,money is never the answer, else why not just do it forever? OK, that’s what they are doing…
Don’t cry FDR found the same thing. One thing of note, government can destroy it does not build anything.
Might I add the media’s unexpectedly?