This is clearly something that is plaguing our economy, and if banks were more willing to "create" money and loan out more money, banks would not only make much more money, helping their own cause, but also would help the economy move forward with increased Gross investment.
Today I Learned
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"Beginning in the last decade of the 18th century, firewood output
increased from about 18% of GDP to just under 30% of GDP in the 1830s."
Source.
2 days ago
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3 comments:
Honors physics and Spanish IV can take a backseat to BSFE.
Suggests that equal attention should be paid to monetary policy as discretionary spending, agree?
But the monetarists get no love from Obama, Pelosi, and Reid...
Well in my opinion, the exceedingly low money multiplier just goes to show how ineffective our monetary policy currently is. Even with a remarkably low target rate, thus very low interest rates, money isn't being created anywhere near the level where it should be being created at.
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