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: 3 February 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
As the govt penalise universities that do not focus on vocational degrees, worth noting that Boris studied 'Literae Humaniores'. A less job ready degree it would be hard to find.
A downgrade to inflation expectations on Friday gave market sentiment a boost. NAB’s Ray Attrill says it’s been taken as a sign that central banks might have to do less to soften demand and a reduced fear in recession risk. https://t.co/4xdqefB3O0