Reminder: We don't need $3T or whatever of money "trapped" overseas. It's the Federal Reserve's job to regulate how much money flows here.
-
-
Replying to @ESYudkowsky
1/ There seems to be a general expectation that those funds will be repatriated, if not soon, within a few years. Most large companies are
1 reply 0 retweets 0 likes -
Replying to @DTLawhon @ESYudkowsky
2/ planning with this expectation. How, if at all, does that affect the Fed's thoughts? Congress could randomly inject $3T in cash
1 reply 0 retweets 0 likes -
Replying to @DTLawhon
Fed policy acts with long and variable leads. Currency markets know inflation won't be allowed later, so nothing happens.
1 reply 0 retweets 2 likes -
-
Replying to @DTLawhon
Disclaimer: I am not a real macroeconomist I'm just saying things that sound in my head like Scott Sumner's blog
2 replies 0 retweets 4 likes
(This admittedly may put me ahead of many professional economists who say things that don't even *sound* like Scott Sumner's blog.)
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.