Does fiscal stimulus work? What about Friedman’s argument of nominal value?
Friedman argued increasing the money supply has only a short term benefit and runs the risk of runaway inflation. I ask @profstevekeen if he got it right
Day: February 3, 2020
US equities back, pound hit by argy-bargy, RBA today
The pound hit hard by some Brexit argy-bargy, US equities up as Coronavirus concerns sidelined by positive ISM numbers. NAB’s David de Garis talks through it.
Canada Plus What?
With the war over (?), what’s so great about a Canada style peace-deal? Balls Radio looks deeper.
THE TWITTERATI
Like the common cold, it seems, if you've had it, you can get it again! Herd immunity is a bad idea. https://t.co/1KDsUDVn25
Hopeful COVID news, bad infection rates. Strong US loan data, bad words from Trump. The news is mixed but NAB’s Ray Attrill says markets want to take the positive view. https://t.co/oKlpgRJ7f9