Quote (Skinned @ May 4 2020 09:21am)
Trump and Fed marching toward negative interests rates. This is way beyond Keynes and there is massive support across the board when the chips are on the table.
Also how does Mitch McConnel look as after overseeing one of the largest acts of corporate welfare hand outs in history while saying states should go bankrupt :rofl:
Negative interest rates. That is bad territory. Lenders will have to pay banks to hold onto their reserves. Smaller countries do this, pay people to take loans sometimes through central bank policy.
Is funny seeing the right wing gain all the political power through the saul alinsky play book then fully embrace keynes in monetary policy.
You can find out a lot about what people really think when there's an emergency.
You will learn a lot of ethical theories, but for some reason everybody becomes a utilitarian when resources are limited. For some reason all politicians become socialists when there's a pandemic, and when the economy shrinks Keynes rules.