Category Archives: bernanke

It Begins: CFR Proposes that “Central Banks Should Hand Consumers Cash Directly”

… A broad-based tax cut, for example, accommodated by a program of open-market purchases to alleviate any tendency for interest rates to increase, would almost certainly be an effective stimulant to consumption and hence to prices. Even if households decided not to increase consumption but instead re-balanced their portfolios by using their extra cash to Read More