The problem with Keynesian economics is that no one wants to turn off the money printer when the times are good.
That's what central bank independence is for. Raising interest rates is effectively the same thing.
Besides that it has been turned off for three years:
https://fred.stlouisfed.org/series/WM2NS
But the US population is getting increasingly older so there will be increasing pressure on welfare for them.
That's what central bank independence is for. Raising interest rates is effectively the same thing.
Besides that it has been turned off for three years:
https://fred.stlouisfed.org/series/WM2NS
But the US population is getting increasingly older so there will be increasing pressure on welfare for them.