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When interest rates are close to their functional floor, there is not a lot that the Fed on its own can do to inflate the economy. Paralyzed fiscal policy from a paralyzed Federal Government seems likely to ensure that the sluggish growth will continue until the US has a damp squib of a recession.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Tue Sep 8th, 2015 at 02:04:08 AM EST
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