Re:Fed to buy junk bonds, lend to states in fresh virus support
by specialist on Friday April 10, 2020 @12:07PM
(#22834394)
"The demand destruction we're seeing today..."
Spot on.
Supply side economic policies (Reaganomics) was a defensible policy for the 70s. While plenty of people thought it was voodoo economics (eg Bush Sr), we needed some kind of course correction.
We're now faced with the exact opposite situation. So we'll need appropriate remedies.
Spot on.
Supply side economic policies (Reaganomics) was a defensible policy for the 70s. While plenty of people thought it was voodoo economics (eg Bush Sr), we needed some kind of course correction.
We're now faced with the exact opposite situation. So we'll need appropriate remedies.