The Forum > Article Comments > Jay Powell’s problem > Comments
Jay Powell’s problem : Comments
By Michael Knox, published 12/2/2019I well remembered 2016. The Fed did not just pause interest rates for a quarter. The Fed paused interest rates for a whole year.
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And shown/demonstrated in the first paragraph with the absurd statement that a low oil price stagnates economic growth.
Factually, low oil prices are vastly better than low-interest rates at stimulating economic growth in the real economy and well thought through cooperative capitalism turbocharges then sends it into overdrive.
THINK! Co-ops were the only private enterprise, free market reliant, business model, that survived the great depression mostly intact!
As universal opportunity/jobs growth that leaves few behind and makes one dollar do the work of seven or more.
But hey, that would severely curtail vested interest and self-service of the visionless and entirely uncaring political class only there to make a difference to their personal outcomes/bank balances!? Go figure!
Alan B.