Friday, September 27, 2019

Liquidity costs money

Steve Moore Blasts Fed for Creating 'Liquidity Crisis'

This guy seems a bit delusional.  

If Steve Moore does not like liquidity crisis, then Steve Moore has to advocate more taxes or less spending or MMT time.  He talks as if liquidity is free, like someone who never took physics for dummies.  MMT provides some relief, but it also generates direct inflation. So Steve Moore has to consider offsetting productivity gains.  All of this is way to much for Steve Moore's tiny brain.

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