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by jameslk
741 days ago
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> Not how the Fed works. (And given recent deficits, the Congress isn’t worried.) Yes I’m aware. It’s the battle between monetary and fiscal policy. So far fiscal policy is winning. > The multiplier effect from credit contraction more than outweighs the new money of marginally-higher rates. Feel free to back that up with a source. I’ve updated my comment with mine. |
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