Will Obama Going Keynesian on Steroids Be a Redux of Japan's Failed Experiment? (user search)
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  Will Obama Going Keynesian on Steroids Be a Redux of Japan's Failed Experiment? (search mode)
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Author Topic: Will Obama Going Keynesian on Steroids Be a Redux of Japan's Failed Experiment?  (Read 1549 times)
Swing low, sweet chariot. Comin' for to carry me home.
jmfcst
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Posts: 18,212
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« on: December 18, 2008, 11:49:11 AM »

Well, at some point the Fed's going to run out of levers it can pull without seriously overreaching itself--we're already near the liquidity trap as it is.

With the Fed increasingly out of the picture

I would think the Fed is even more in the picture.  They've become the buyer of last of resort.
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