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That's a monetary tightening, fiscal policy has been getting looser in all developed nations for a while, except places like Greece which were forced to tighten
by adammarples 10mo ago
That's a monetary tightening, fiscal policy has been getting looser in all developed nations for a while, except places like Greece which were forced to tighten
- bdangubic 10mo agoso many words put together where neither of them makes any sense
- adammarples 10mo agoOK I'll translate it. Developed nations' central banks have been reducing the supply of money, while their governments have been spending a higher proportion of it.
- JumpCrisscross 10mo ago> That's a monetary tightening, fiscal policy has been getting looser in all developed nations for a while Got it, yes. Though I’d argue Europe at least tried after the financial crisis.