Post No: 622490 January 25, 2015, 04:35AM
Guest wrote:

Well, I think the Fed has to do a lot more.Reagan ran deficits up to 6 peercnt of GDP, and hustled Volcker out the back door to bring in the more-accommodative Greenspan. It worked. Obama is running deficits at 10 peercnt of GDP, though slated to go down to under 6 peercnt by 2012--but we have a very tight Fed now. Very tight. The economy is suffocating, and the Fed won't move to quantitative easing as it should. It may not work.

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