raghu wrote: > On Thu, Jun 20, 2013 at 1:55 PM, Doug Henwood <[email protected]> wrote: >> >> It could do these things, sure. But the point of buying MBS's etc. was to >> support their value and keep interest rates down. I want to shift resources >> from elite private consumption to nonelite consumption and public >> investment. > > Both of these can be achieved by properly targeted helicopter drops - for > public investment, drop the cash on the Treasury department; to increase > nonelite consumption, drop the cash over Times Square - or send equal checks > to everyone filing an income tax return.
I thought the assumption was that we had the Fed only, with the federal government refusing to do fiscal stimulus. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
