Friday, February 05, 2016

Taking Away The Punchbowl

I've asked this before, but don't believe I've had anything close to a satisfactory answer. What's the point of advocating any economic policies (either using left or right wing logic) on the basis that they will boost economic growth and create jobs if as soon as the Fed thinks that there might be upward pressure on wages at some point in the distant future they're going to raise interest rates? If that's the game we're playing then the only way to improve the economic fortunes of the vast majority of citizens is through massive redistribution.