Wednesday, January 19, 2011

We Know What To Do

The maddening thing is it isn't a mystery what we can do to boost aggregate demand. We know! There's a reason we call him Helicopter Ben. I actually really don't know what statutory authority the Fed has to rain money on people, but it could always get it from Congress.

Instead we'll do a bunch of bank shot stuff which isn't very likely to work well or fast.