fiscal+monetary is like a 2-legged stool. The reason it has stayed stable is that people tend to overlook an invisible 3rd leg: a tech abundance leg that makes deficit economics possible: oil until ~1974, semiconductors after that... creates hidden gdp to balance the growth...
-
-
They can and will tighten monetary policy when the time comes, and probably prematurely if history is any guide.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Moore's law is accelerating, not slowing down.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
If they printed no money and we had a fixed amount of dollars, we would see massive deflation with tech, and the market would have to lower prices and thus wages constantly to keep up with increased efficiency. We may see this with Bitcoin if adopted.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
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.