Main menu

Thank you, Mr. Bernanke

For saying in your Jackson Hole speech today that "most of the economic policies that support robust economic growth in the long run are outside the province of the central bank." And for not promising another round of Quantitive Easing. And for letting us know that you are well aware that "monetary policy that ensures that inflation remains low and stable over time contributes to long-run macroeconomic and financial stability."

It's past time for the world to understand that the big fixes now need to come from fiscal policy. Monetary policy has done all it can do to promote an economic recovery, and the Fed's focus going forward should be on ensuring that all the quantitative easing of the past several years doesn't allow the inflation genie to get out of the bottle.

Filled Under:


Posting Komentar