Monday, September 07, 2015

Aaron Cleary, The Fed Funds Rate, and Economic Growth

It's almost religious dogma among the neo-Keynesian economists who determine economic policy that lowering the Federal Funds Rate is supposed to spur economic growth.

Aaron Cleary, an economist in his own right, took on this assumption. He found no data to support it .

The economists running our economy have no idea what they're doing. They are making it up as they go along.
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