@WSJ Fiscal stimulus, monetary stimulus is just smoke and mirrors. ONLY way to grow the economy is - innovation and productivity.
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@WSJ@NickTimiraos you mean like being 20 trillion in debt and still printing money??Thanks. Twitter will use this to make your timeline better. UndoUndo
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@WSJ the best ammo is deficit spending, and since there is no solvency constraint for the federal gov't, it can always do thisThanks. Twitter will use this to make your timeline better. UndoUndo
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@WSJ second, reserves in the banking system are a function of the central bank,s balance sheet. Banks do not lend reserves!Thanks. Twitter will use this to make your timeline better. UndoUndo
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@WSJ number of mistakes in this article. First, the fed injects LIQUIDITY by adding reserves to put downward pressure on the fed funds rate.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@WSJ: How the U.S. is lacking in ammo for the next economic crisis http://on.wsj.com/1UQtxYt ” call#SSA & other gov't agencies#mepoliticsThanks. Twitter will use this to make your timeline better. UndoUndo
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