Tuesday, March 4, 2014

How to Really Stimulate the Economy



You know the U.S. economy and that of Europe’s is in dire need of a boost. And you keep getting two or three main recommendations on how to get the job done.

But mostly you hear the points of view of politicians whose stand is usually wrong. Because it’s the one opinion that appeals best to unknowing voters.

The genuine answer is simple, once you refer to evidence of the near and distant past, to see what has worked and what did not. Simple. But not for vote-seeking politicians to implement.

Monetary policy is important. That has to do, for example with how the Federal Reserve system controls inflation with interest rates, etc. But then you have important fiscal policy that the White House is in charge of. There is where the politicking starts.  (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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