Bingo. Also this argument in particular is wrong because even if you want to describe the current repo operations as QE, it isn't inflationary or doing much to "prop up the economy" given that none of the other QE rounds were inflationary.
At the end of the day, fiscal policy is extremely important, and almost no amount of monetary policy can do much on its own.
Unless we decide to start actually minting money, like the trillion dollar platinum coin idea.
At the end of the day, fiscal policy is extremely important, and almost no amount of monetary policy can do much on its own.
Unless we decide to start actually minting money, like the trillion dollar platinum coin idea.