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
Could business resume sooner rather than later? Equities are behaving as though we will. Also EU finance ministers fail to reach agreement on stimulus, oil spikes on hopes of a supply settlement, and Bernie Sanders pulls out of the Presidential race. https://t.co/packx2Mun4
If the EU can’t fix the crisis in Italy and Spain without those nations incurring massive debt, will the southern nations pull out of the European experiment? I ask @ProfSteveKeen https://t.co/6lcTiuKfbU Support Steve at https://t.co/aO1AJXSNnk