by Summary:
Trump still advocating for a competitive "Full Japan" policy... ie zero rates and then QEmax to "pay off" the debt...He'd have to figure out a way to get rid of Powell and most of the FOMC to get this... maybe if the Fed loses control of the policy rate again (like they did in September) he could gain cause to fire them all... ie two strikes and youre out...Treasury would have to rapidly increase the TGA from its current cycle high balance to get that... not seeing that in the cards currently... The Fed should get smart & lower the Rate to make our interest competitive with other Countries which pay much lower even though we are, by far, the high standard. We would then focus on paying off & refinancing debt! There is almost no inflation-this is the time (2 years late)! — Donald J.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Trump still advocating for a competitive "Full Japan" policy... ie zero rates and then QEmax to "pay off" the debt...He'd have to figure out a way to get rid of Powell and most of the FOMC to get this... maybe if the Fed loses control of the policy rate again (like they did in September) he could gain cause to fire them all... ie two strikes and youre out...Treasury would have to rapidly increase the TGA from its current cycle high balance to get that... not seeing that in the cards currently... The Fed should get smart & lower the Rate to make our interest competitive with other Countries which pay much lower even though we are, by far, the high standard. We would then focus on paying off & refinancing debt! There is almost no inflation-this is the time (2 years late)! — Donald J.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Matias Vernengo writes What is heterodox economics?
Trump still advocating for a competitive "Full Japan" policy... ie zero rates and then QEmax to "pay off" the debt...
He'd have to figure out a way to get rid of Powell and most of the FOMC to get this... maybe if the Fed loses control of the policy rate again (like they did in September) he could gain cause to fire them all... ie two strikes and youre out...
Treasury would have to rapidly increase the TGA from its current cycle high balance to get that... not seeing that in the cards currently...
The Fed should get smart & lower the Rate to make our interest competitive with other Countries which pay much lower even though we are, by far, the high standard. We would then focus on paying off & refinancing debt! There is almost no inflation-this is the time (2 years late)!— Donald J. Trump (@realDonaldTrump) January 28, 2020