No. of Recommendations: 1
flood of monetary stimulus acted like crack cocaine. The intent was to stimulate the economy but the actual beneficiary was the financial markets
and the Fed had to that because Congress, after a crucial fiercely combatted and negotiated fiscal stimulus, then went into deadlock with White House and fiscal stimulus was dead.

Did not the European countries also rely on fiscal stimulus? IIRC, Euro interest rates are still at all-time lows. Did they also have gridlocked government?

On a side note, the Japanese government relied on massive infrastructure spending to try and recovery from their 1990 crash. For whatever reasons, they still lost a couple of decades of economic growth.

Print the post  


This is a Politics Free Board
Politically charged posts are not permitted on the Metar Board. If you make a political post, and it is alerted, the post will be removed. Thanks!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.