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Quantitative Easing has been large but it drove investment mostly in emerging markets and not in the US. Neither fiscal or monetary stimulus is effective in a
by zmanian 13y ago
Quantitative Easing has been large but it drove investment mostly in emerging markets and not in the US.
Neither fiscal or monetary stimulus is effective in a post industrial economy like the US.
Structural reform like patents, immigration, occupational licensing, taxes etc are where the big stimulus lies unfortunately.
- adventured 13y agoYou're contradicting your own statement then. You said China did the heavy lifting regarding pull the global economy out of the crash, then you say that Fed QE drove growth in emerging markets. All that stimulus drives massive consumption, which bolsters global manufacturing. And you ignored the part where the Fed kept the entire first world solvent during the crash, that alone is more than China did. And the US is hardly post-industrial. It's the world's largest manufacturer (yes, larger than China).